Practicing Success
McDonalds, the fast food giant has introduced major changes in its menu like introducing Paneer Burger, Mc Aloo Tikki etc. to suit local taste India to be able to survive in the Indian market. Which of the following feature of management is being highlighted here? |
Management is an intangible force. Management is a dynamic function. Management is a continuous process None of the above |
Management is a dynamic function. |
Management is a dynamic function: Management is a dynamic function and has to adapt itself to the changing environment. An organisation interacts with its external environment which consists of various social, economic and political factors. In order to be successful, an organisation must change itself and its goals according to the needs of the environment. McDonalds, the fast food giant made major changes in its menu to be able to survive in the Indian market. |