Dealing With Uncertainity

Sai Kumar Deekonda161410

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Introduction of Uncertainty

• Ben franklin said the only sure things in life are death and taxes. Although this is a gloomy prospect, it dose capture a key theme of modern life. We are faced with a great deal of uncertainty. Organization, like individuals, are continually challenged to accomplish something in spite of general uncertainty. Organization meet this challenge largely through planning.

Types of Uncertainty Perspectives:

1. Types of uncertainty

2. Organization response to environmental uncertainty

Types of Uncertainty

1.State uncertainty

2.Effect uncertainty

3.Response uncertainty

Organizational Responses To Uncertainty1.Defenders2.Prospectors3.Analyzers4.Reactors