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"The managers have to respond suitably to cope up with the changing environment." Enlist any six managerial responses.

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Changes in business environment may expect following managerial responses:

(a) Restructuring the organization and strategic planning.

(b) Identifying the strengths and opportunities and taking the first mover advantage.

(c) Advancing or hiring new technologies.

(d) May induce the business enterprise to expand through acquisition mergers, joint ventures etc., to strengthen their position.

(e) Encouraging the enterprise to enter into the diversified areas.

(f) Outsourcing of core or non-core activities to captive or third parties.

(g) Becoming more consumer-friendly and socially responsible while operating the business.

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