Reference no: EM133871404

Question

"The world of today is full of uncertainties, many of which can be caused by things out of your control. The problem we sometimes face is that it can drastically affect the way we approach things on a day-to-day basis. This can be the case when it comes to making solid management decisions in an environment where things look very uncertain. The contingency variable, according to Robbins (2019), is a situational-based approach that says organizations, employees, and situations are different and require different management methods. (Page 36). Environmental uncertainty, according to Akpolat (2013), is the inability of a manager to assess and predict any changes in regard to factors that are external to their organization's environment, such as customers, suppliers, and government regulations. Environmental uncertainty greatly affects business decisions because it requires managers with strong decision-making power to be flexible and adapt. Managers need to essentially view things from the exterior of the business and translate it effectively to the interior of their business. For example, if a company that is selling hot dogs, notice that their competitors are selling vegan options, the right decision would also sell vegan options as well to stay competitive. Being able.