what is flexibility in a competitive market and HOW does thi

what is flexibility in a competitive market and HOW does this organizational skill really work?

Solution

Flexibility refers to the change and adaptability with respect to the change in competitive market. Flexibility brings a certain degree of preparedness and readiness to change. It makes organization sustainable in fast changing environment. Flexibility can also be developed inside the organization as it facilitates the change process.

It is a very important organizational skill as it helps organization in: