According to the theory companies go through long simple periods of environmental stability
Answers
according to this theory companies often experience both stable and dynamic external environments; companies go through long, simple periods of environmental stability, followed by short, complex periods of dynamic, fundamental environmental change, finishing with a return to environmental stability.
ex: US airline industry
According to the following theory companies go through long simple periods of environmental stability:
Explanation:
As per the punctuated equilibrium theory, organizations experience long, straightforward times of environmental stability, followed by short, complex times of dynamic, key ecological change, completing with an arrival to environmental stability.
Punctuated equilibrium (likewise called punctuated equilibria) is a hypothesis in developmental science which recommends that once an animal varieties shows up in the fossil record the population will get steady, demonstrating minimal transformative change for the vast majority of its geographical history.