Practicing Success
'In order to be successful, an organisation must change itself and its goals according to the needs of the environment' Which feature of management is highlighted here? |
Management is a continuous process Management is a dynamic function Management is a goal-oriented process Management is an intangible force |
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. You probably know that McDonalds, the fast food giant made major changes in its menu to be able to survive in the Indian market. |