Final answer:
The assertion that a conducive Organizational Environment is essential for fostering innovation and adaptability is true. Such environment encourages creativity and proactive response to change, which are vital for maintaining competitiveness.
The given statment is A) True.
Step-by-step explanation:
The statement that the right organizational environment is crucial for innovation and adaptability to prosper is True.
An organizational environment that fosters creativity, openness to change, and fluid communication channels is conducive to innovation. Such an environment encourages employees to express new ideas, test novel approaches, and adapt proactively to changing market demands.
An organization that neglects the right culture or structure may stifle creativity and hinder its ability to maintain competitiveness in a rapidly evolving business landscape.
The complete question is: The right organizational environment is crucial for innovation and adaptability to prosper. A) True B) False is: