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Running head: MAKING DECISIONS WITH UNCERTAINTY
Making Decisions with Uncertainty
MAKING DECISIONS WITH UNCERTAINTY
Making Decisions with uncertainty
Coping with uncertainty demands, especially in business, can sometimes be a challenging
prospect. Profound uncertainty, in most cases, tends to amplify the significance of organizational
decision making when the situation becomes unbearable. Achieving truly dynamic management
remains essential in most cases tends to prove indescribable for almost all companies until they
are in a good position of figuring out the right decisions for companies. The specifics of how
organizations in the present world should handle its uncertainty decisions tend to vary. The wellmanaged organization manages to find themselves shifting towards the vibrant management style
that requires minimal but collective shifts, especially in their operating practices.
Retail Industry (Wal-Mart)
Perhaps the biggest retail company that continues to face various challenges in most of its
operations is the Wal-Mart Company. With the prospect of challenges such as the corona virus
among others, Wal-Mart has recently been forced to explore various options in order to cope
with these challenges. Common challenges that the organization is likely to face include
uncertainty in pricing, regulation ...
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