McDonalds, the fast food giant made major changes in its menu to be able to survive in the Indian market.
(a) State the characteristic of management highlighted in the above statement.
(b) Explain any four other characteristics of management.

Explanation

(a) Management is a dynamic function and has to adapt itself to the changing enviroment. In order to be successful, an organisation must change itself and its goals according to the needs of the environment.
(b) Characteristics of management: (Explain any four)