Final answer:
The life cycles of management ideas are becoming shorter, not longer, due to the fast-paced nature of modern business and continuous innovation.
Step-by-step explanation:
The statement that management idea life cycles have continually grown longer, reflecting the pace of change in today's business world, is false. In fact, due to rapid technological advancements and intense global competition, the life cycles of management ideas and business strategies are generally becoming shorter. Companies must innovate and adapt at a faster pace to stay competitive.
This trend is also reflected in the lengthening of goal-achievement cycles within society, where goals are increasingly set for longer periods, contrasting with the shorter cycles needed for management adaptability. In addition, the evolution of interest groups mentioned in the materials further supports the concept of lifecycle changes, indicating that entities in various spheres experience growth, evolution, and sometimes cessation.