Asked by Nicholas Jacobs on May 13, 2024
Verified
Effect uncertainty and response uncertainty are two identical types of environmental uncertainty.
Effect Uncertainty
The unpredictability regarding the potential outcomes or impacts of a decision or action.
Response Uncertainty
The inability to predict the outcomes of decisions or actions due to unpredictable external factors or incomplete information.
Environmental Uncertainty
The lack of predictability in the surrounding environment that impacts an organization's decision-making capabilities.
- Familiarize oneself with the idea of environmental uncertainty and its effects on the formulation and execution of plans and decisions.
Verified Answer
Learning Objectives
- Familiarize oneself with the idea of environmental uncertainty and its effects on the formulation and execution of plans and decisions.
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