asked 39.6k views
3 votes
What are the two primary drivers of hyper-competitive environments?

A. Stability and predictability
B. Uncertainty and change
C. Uniformity and conformity
D. Routine and tradition

1 Answer

6 votes

Final answer:

The two primary drivers of hyper-competitive environments are uncertainty and change, necessitating flexibility and adaptation in business strategies for enduring growth. The correct option is B.

Step-by-step explanation:

The two primary drivers of hyper-competitive environments are uncertainty and change. This arises from factors such as technological advancements, globalization, and market evolution. For instance, new technologies can disrupt established markets, and globalization makes it possible for new competitors to emerge from any part of the world.

Moreover, these drivers necessitate that businesses adopt strategies allowing for flexibility in uncertainty to adapt quickly to new challenges.

Adaptation often involves shifts in values and reassessment of strategies, both of which are necessary to maintain enduring growth and respond effectively to environmental changes, as seen in biological systems according to Understanding 2.D in the context of dynamic homeostasis. The correct option is B.

answered
User Hessam Hedieh
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