What kinds of changes do companies make in response to envir

Solution

The major environmental uncertainty is Macro-environmental uncertainty, Competitive uncertainty, Market (demand) uncertainty, Technology uncertainty.

The environmental uncertainty need to be shorted out by the companies in order to smooth operations. The company needs to change its strategy with changing government rules and regulations. If there is economic inflation in the market the companies should plan according to that so they can cope up the inflation.

The company should also follow the latest technology as this is the competitive market if a company is not with changing technology then after few years the competitor product quality will bypass their product quality. If the industry is software based you need to change it with immediate effect because certain software with new features has high demand. In order to be in competition companies need to follow new technological changes.