In order to be successful. an organisation must change its goals according to the needs of the environment. Which characteristic of management are highlighted in this statement?

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Solution

In this statement, characteristic of dynamic functioning of management is highlighted. The management is supposed to take decisions based on the changing business environment in order to survive. For example, polythene is now getting banned in many states. the management of an organization producing polythene needs to find out another line of production in order to survive.

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