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They must be proactive instead of reactive.
- Coping with new government policies, dealing with interest rises. Finding new suppliers.
- For example, the social trends towards the healthy lifestyle took a lot of mangers by surprise. This trend created opportunities for businesses such as gymnasiums and fruit drink bars. At the same time it created threats for many takeaway food businesses. Mc Donald’s managers were flexible and quickly adapted the business to the changed environment, stocking fruits and salads.
- Successful managers have the flexibility to adapt quickly to change and gain a competitive advantage on their competitors by meeting the changed needs of customers more effectively than their competitors...
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