‘Many Indian companies, including MNCs, are not doing well, as they are not adequately prepared to face competition and pressure and fail to make “quick right” decisions. It is said that one cannot do...

‘Many Indian companies, including MNCs, are not doing well, as they are not adequately prepared to face competition and pressure and fail to make “quick right” decisions. It is said that one cannot do business with yesterday’s tools, techniques and methods and be in business tomorrow.’ Critically examine the statement.