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A company's management team analyzes market trends, competitor actions, and customer feedback to adapt its production schedule and marketing strategy. This approach, which views the organization as an open system that must continuously adjust to its external environment, aligns with which characteristic of modern management thought?

AMultidimensional

BMultidisciplinary

CAdaptive

DMultivariable

Answer:

C. Adaptive

Read Explanation:

  • Modern management theory, specifically the Systems Approach, considers an organization as an system that adjusts to changes in its dynamic environment. The scenario described, where the company analyzes external factors like market trends and competitor actions to modify its internal strategies, is a perfect example of this adaptive characteristic. The Multidisciplinary characteristic states that management integrates ideas from fields like psychology and sociology. Multivariable notes that an event can be the result of many interrelated and interdependent factors. Multidimensional refers to an organization's internal structure and various subsystems, such as finance, marketing, and personnel.

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Related Questions:

Evaluate the following statements regarding the differences between Classical and Modern theories of management:

  1. Classical Theory primarily views the organization as a closed system, focusing on internal efficiency through structure and control, while ignoring the external environment.
  2. Modern Theory, particularly the Systems Approach, sees the organization as an open system that is heavily influenced by and must adapt to its external environment.
  3. The principles of Classical Theory are no longer relevant in today's dynamic business environment and have been completely replaced by the Modern Theory.

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