Examlex
What is the second step of the decision-making process, according to the rational decision-making approach?
Environmental Uncertainty
The degree of unpredictability in the external environment that businesses operate in, affecting decision-making processes and strategies.
Rate of Change
A mathematical calculation that identifies the degree to which a quantity increases or decreases over a given period.
Complexity
The state or quality of being intricate or complicated, often requiring sophisticated understanding or solutions.
High-uncertainty Environments
Situations or contexts in which there is a high level of unpredictability or instability, making it difficult to forecast future events or outcomes.
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