Question

Critically analyse the different environment/conditions under which decision can be made.

Answer 1

Decision making is a one of the biggest challenge for any one.

Decision making on the basis of the environment condition it also a challenge faced by the organization. like

Uncertain environment :- Environment  can be change any time it is uncertain under this condition decision making is very critical because in this you can not be rely on the data you have. You have to do current environment factor research for decision making.

Risk:- Risk is every where but you should have a confidence to fight with that risk. Because environment condition are not under our control. It is natural so we have to manage our self on the basis of environment condition. Risk is also a factor under which we made a decision and how we can handle that risk easily.