Successful management relies on one's ability to adapt and react to changes in the surrounding environment, especially today where there are many more environmental factors than in the years past. Globalization, technological advances and an ever-changing political landscape have increased the variables that managers must be aware of when dealing with situations. Managers should take into account all of the factors that could potentially effect their specific industry. Successful management in today's business atmosphere depends on being able to predict and correctly respond to unforeseen environmental issues that effect modern businesses.
In the past thirty years, there has been a tremendous increase of globalization of companies. …
