BUS219 Discussion 3 - Decision Making In An Uncertain Word
Discussion 3 - Decision Making in an Uncertain Word
In the business world we are constantly asked to make business decisions in the presence of uncertainty. For example, here at Cochise College we need to create semester schedules without knowing exactly how many students will register, and without knowing exactly what mix of class formats students will want.
Think about a business you have worked for, or a business you might consider working for in the future.
· Describe one or more decisions company management would need to make 'in the presence of uncertainty'. Then describe different tools or approaches the company might use to help them make decisions.