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Discuss the relationship between external environmental characteristics and uncertainty.
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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