Chapter 3.1

Question 1

What do businesses need to implement for effective adaptation?

Answer 1

Businesses need to implement effective information management.

Question 2

What are some strategic responses businesses can take to adapt?

Answer 2

Strategic responses
•mergers,
•takeovers,
•acquisitions.
•alliances.

Question 3

What projects can businesses undertake as part of social responsibility?

Answer 3

•Businesses must allow employees to get involved in social development programmes.
•Businesses can engage in environmentally friendly campaigns such as recycling or re-using resources.