answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: Why is innovation a key component of a manager's job in today's business environment?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What do managers needs to know about business environment?

what should the manager know about business environment? Explain briefly


Explain how the environment in which a business operates impacts upon?

The business environment impacts a business because managers have to make decisions based on what is going on around them. If the environment is fiercely competitive, then the business would have to respond appropriately.


Why it is important for managers to understand the environment in which their business operates?

Helps managers to put into practice the principles underlying the process of management which inturn help him to see the interrelationship between particular theories of management and actual practice.


What is the impact of Internal Business Environment?

The internal business environment can lead to increased productivity or it can be detrimental. Managers must improve the culture in order to improve production.


How does environment affects managers?

how the environment affects managers


Environment-structure relationship in business?

helps explain why managers today are restructuring their organization to be lean, fast, and flexible


Why do manager try to understand the environment within which their business operate?

One of the reasons managers try to understand the environment in which their business operates is because this can help them understand their local clienteles needs and expectations. It can also help a business to advertise more effectively.


Explain why customer services and innovation are important managers jobs?

it is important because if there is no good service their is no client or no costumer and innovation is the key


Define parochialism and discuss why it is a problem for managers. Why is it important to overcome parochialism in today's business environment?

Why is it important to overcome parochialism in today's business environment? Define parochialism and discuss why it is a problem for managers. Why is it important to overcome parochialism in today's business environment? Cancel Save'' already exists. Would you like to merge '' into it?Cancel MERGEClicking submit will send an email notification to the asker of this question.Answer this question…Answer this question…SubmitLike us on Facebook!


How the environment effects managers?

External and internal environment directly effects the decision making of the manager. Let's understand it with the help of an example. Xyz company manager has arrived at office during snow in London. Due to heavy snowfall (External Environment) staff or subordinates of managers have not reached the home. Manager has to discuss some urgent business deals with his staff. This is the way how managers are affected by external environment factors.


What options are available to the managers to deal with the challenging business environment?

http://wiki.answers.com/Q/What_options_are_available_to_the_managers_to_deal_with_the_challenging_business_environment" http://wiki.answers.com/Q/What_options_are_available_to_the_managers_to_deal_with_the_challenging_business_environment"


Who are the 7 critical stakeholders in business?

7 dwarfs.... ok the real answer is customers, employees, owners/managers, sharholders, government, environment and suppliers.