What Is an Enterprise Resource Planning System

question 30

Essay

What is an enterprise resource planning system?

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Definitions:

Environmental Uncertainty

A condition that exists when the external environment is vague, difficult to diagnose, and unpredictable.

Organizational Effectiveness

A measure of how successfully an organization achieves its goals and objectives, often evaluated through performance, adaptability, and sustainability.

External Environment

The external environment of an organization includes all outside factors and forces that affect its operations, ranging from economic, socio-cultural, legal, technological, to political conditions.

Environmental Uncertainty

The extent to which an organization lacks information or control over the elements of its environment, affecting decision-making and strategy.