Question

Which of the following is an essential characteristic of enduringly great companies? They undergo continuous change. They are solely driven by incremental improvements. They focus on beating the competition. They oppose experimentation. They are risk averse.

Answer 1

Answer:

The answer is (A) They undergo continuous change.  

Explanation:

To remain competitive in today’s world, a company must be willing to continue changing according to what the market currently needs and will need in the future. When a company remains stagnant, it would be outpaced by its competitors. Most of the household names that we commonly encounter maintains a spirit of continuous improvement – and we can encounter this from the innovative product they choose to make, better customer experience, or improvement in internal business process.