The Constantly Changing Business Environment
The business environment is constantly evolving, and managers are struggling to make decisions that have a lasting impact. World's leading business entities have been lagging behind in sectors where they once dominated. It is hard for the status quo to be maintained in the business community (Morrison 2011, p. 58). It is essential for the managers to adopt strategies that allow the institutions to evolve and cope with the challenges caused by the dynamic world. The survival of any entity depends on the strategies employed by the management to adapt to the unanticipated challenges. The primary focus of this ...