Final answer:
To manage changing business environments, organizations should employ team-based structures, adapt labor policies, and respond swiftly to globalization and technological advances.
Step-by-step explanation:
Organizations must effectively manage the rapidly changing internal and external environments in which they operate. To do so, they must be proactive in adapting to and anticipating changes in technology, economics, globalization, and demographics. One effective strategy is to adopt a team-based approach to structure, where work is delegated to diverse teams, bringing together a mix of skills, experience, and expertise. While teams do not always guarantee increased productivity, they are an agile way to address complex and changing business challenges.
In addition, organizations must adjust to the social, political, and legal climate influences, such as those seen during the Civil Rights movement, by integrating findings from research and practice. Regarding supply chain issues, technological advancements, transportation methods, and appropriate policies are crucial to ensuring reliability and sustainability during crises. Moreover, companies must commit to changing labor policies, protecting labor rights, and investing in their labor force.
Firms are also facing an increased level of competition due to the forces of globalization and new communications and information technology. Markets are no longer local but global, as consumers and businesses can engage with suppliers from all over the world. Organizations need to be flexible, open to new possibilities, and able to adapt quickly to this increased competition and new workplace cultures.