Is it possible for businesses to formulate long term business strategies given the rapid changes in the external environment?

Principles of Management
OER 2019th Edition
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax
Chapter4: External And Internal Organizational Environments And Corporate Culture
Section4.2: External Environments And Industries
Problem 2CC: Why do change and shifts and technological developments create both challenges and new opportunities...
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Is it possible for businesses to formulate long term business strategies given the rapid changes in the external environment?

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