Pregunta
In addition to rapid changes in business related issues, other issues such as a global pandemic and climate change affects
management.
management.
Ask by Medina Garza. in the United States
Nov 18,2024
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Rapid changes like global pandemics and climate change affect how businesses manage and make decisions. Managers need to adapt to these changes and create strategies to handle risks.
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Beyond the Answer
The COVID-19 pandemic has drastically transformed how businesses operate, pushing remote work to the forefront and altering management strategies. Companies had to adapt quickly, reshaping their cultures, increasing reliance on digital tools, and prioritizing employee well-being. These changes have birthed new norms, such as flexible hours and virtual collaboration, which are likely to persist beyond the pandemic.
Climate change is another pressing issue creating a ripple effect on management practices. Organizations are increasingly recognizing the importance of sustainability not just for corporate responsibility but also for financial viability. This shift has led to the adoption of eco-friendly practices, investment in sustainable technologies, and a focus on responsible supply chains, making environmental stewardship integral to strategic planning.
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