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What is environmental uncertainty? What impact does it have on managers and organizations? Find two examples in current business periodicals that illustrate how environmental uncertainty

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What is environmental uncertainty? What impact does it have on managers and organizations? Find two examples in current business periodicals that illustrate how environmental uncertainty affects organizations. You will need to post your own response before you can see your classmates' responses. In addition to your post, reply to two of your classmates' postings by the stated due date Answer Environmental uncertainty: The constant change in the conditions of the business environment is called environmental uncertainty. As a result, management has limited voting rights in circumstances beyond the company's control Organizational Impact: 1. It has been proven that uncertainty in the external environment influences organizational change and creativity. 2. Structural models are used in this preliminary empirical study to evaluate how environmental uncertainty affects an organization's propensity to accept (intent to accept) distributed labor contracts. 3. Environmental uncertainty is important in strategy development as it affects the value of a company's resource availability, skills and capabilities, as well as competition, as well as the needs and demands of consumers. 4. Uncertainty affects businesses and employees, lowers morale, reduces focus on safe operations, and results in the loss of important employees. Example: The degree of change in an organization's environment and the degree of complexity in that environment are both related to environmental uncertainty. 1. Managers attempt to reduce environmental uncertainty because it is a threat to organisational success. Firms that operate in technology-intensive areas, such as computers or mobile phones, are likely to face a high level of uncertainty. Managers in these organisations will have to work hard to reduce the influence of behavioural factors on the workforce, such as stress. Firms that operate in a less dynamic environment, on the other hand, have managers who are less stressed by frequent change in the environment. For example, an economy can collapse at any time. This will affect the company. This would have an effect on the firm. New technology has the potential to change the landscape of a certain business. One issue that some businesses are concerned about nowadays is a lack of trained personnel to undertake the job that the firm requires in order to manufacture its products

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