Question: In making decision, manager need to consider uncertainty elements, when there are many unknowns and no possibility of knowing what could occur in the future
In making decision, manager need to consider uncertainty elements, when there are many unknowns and no possibility of knowing what could occur in the future that might alter the outcome of the decision. Explain briefly three (3) ways on how manager may deal with uncertainty in decision making.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
