Question $3$

$(25$ Mark

According to the extract, the use of the contemporary management theories has an important role for the effecti confrontation of the competition struggle and for being successful in the market. Drawing from this statement, explain it is important for present day organisations to embrace the chaos theory$/$approach $($a contemporary theory management$).$ Your discussion should include the following:

$3\mathrm{.}1$ A brief explanation of chaos theory marks$)$