Enumerate the various ways in which managers respond to changes in business environment.
Following are the ways in which managers respond to changes in business environment:
(i) Strategic alliances, mergers and acquisitions of businesses
(ii) Diversification
(iii) Collaboration with multinationals
(iv) Brand building
(v) Restructuring of business activities
(vi) Capital restructures
(vii) Customer focus
(viii) Latest technology
(ix) Compensation levels and incentive schemes.