During the rapid-growth phase of market development, customer needs become more salient and numerous, and segments begin to form

Which of the following is an effect of e-business on leadership?

A) Global leaders are obliged to adopt an ethnocentric approach to management in order to check the transformation of large corporations. B) Individual managers are obliged to adapt to the hyperspeed environment of e-business, as well as to the need for visionary leadership in a whole new set of competitive industry dynamics. C) The pace of international business has slowed down considerably resulting in a overall decline in efficiencies. D) The importance of rigid organizational structure has increased.

Why is effective communication an essential process for organizations?

A) It is central to many organizational functions B) Necessary to communicate with stakeholders C) Necessary to communicate vision and direction D) Critical for industry leader to stay on top