Organisations today operate in uncertain environments which are mostly beyond their control. However, for managers and...
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Organisations today operate in uncertain environments which are mostly beyond their control. However, for managers and organisations, responding effectively to their environments is almost always essential, and key to their success and even survival. As environment uncertainty increases, managers must utilise techniques and methods to collect, sort through, and interpret important information about the environment they are in. Techniques and methods such as environmental scanning, scenario development, forecasting, and benchmarking are important response mechanisms for managers in coping with their environmental uncertainty. Explain each of the above-mentioned techniques and methods, the purpose for its use, and how it will help the managers in coping with their environmental uncertainty. (Total: 201 Organisations today operate in uncertain environments which are mostly beyond their control. However, for managers and organisations, responding effectively to their environments is almost always essential, and key to their success and even survival. As environment uncertainty increases, managers must utilise techniques and methods to collect, sort through, and interpret important information about the environment they are in. Techniques and methods such as environmental scanning, scenario development, forecasting, and benchmarking are important response mechanisms for managers in coping with their environmental uncertainty. Explain each of the above-mentioned techniques and methods, the purpose for its use, and how it will help the managers in coping with their environmental uncertainty. (Total: 201
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Related Book For
Personal Financial Planning
ISBN: 978-1305636613
14th edition
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Posted Date:
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