Static/Dynamic: An environment is static if only the actions of an agent modify it. It is dynamic on the other hand if other processes are operating on it. ... An environment is said to be discrete if there are a finite number of actions that can be performed within it.
How do we thrive in dynamic environment?
To thrive, and perhaps even survive, in today's highly dynamic environment, requires constant, future-focused activity that allows you to plan and adapt to the change and uncertainty that lies ahead.Apr 1, 2019
How business environment is a dynamic process?
Dynamic Nature: Business environment is dynamic in nature i.e. it keeps on changing. For example, change in government policies, change in taste and choice of the consumer, change in technology etc. Such changes could be triggered by internal or external factors.
What is the importance of dynamic external environment?
The dynamics of the external environment exacerbates the instability of the market, which requires the company to develop its innovative activity - to improve and create new products.