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Chapter 6 - of uncertainty A manager would have to use...

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Chapter 6: The primary means of sustanining a competitive advantage is to adjust faster to the environment than your competitors do. Do you agree or disagree with this statement? Explain your position. I absolutely agree with this statement. If you are slower than your competitors then they are going to beat you every time to the better ideas, better products and better employees making you obsolete in your companies market. Chapter 7: Explain how a manager might deal with making decisions under conditions
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Unformatted text preview: of uncertainty. A manager would have to use their intuition when make decisions in times of uncertainty. For instance trying a new product to try to boost sales makes be costly in the beginning but it could be a smart decision when sales in other areas are suffers on other outdated products. Managers need to trust their gut and learn to deal with uncertain times....
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