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Discuss the Relationship Between External Environmental Characteristics and Uncertainty

question 53

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Discuss the relationship between external environmental characteristics and uncertainty.


Definitions:

External Environment

The external environment consists of all the outside factors or influences that affect an organization's decision-making process, performance, and strategy formulation, including political, economic, social, and technological factors.

Delphi Technique

A method used to gather information and reach a consensus among a panel of experts through a series of questionnaires and feedback rounds.

Qualitative

Pertains to data or research that focuses on describing qualities or characteristics through non-numerical information, such as interviews or observations.

Human Resource Forecasting

The process of predicting an organization's future human resource needs, including the number, skills, and locations of employees.

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