Question

Ryan is a manager at Dream Catchers. Dream Catchers is currently operating in an environment of high uncertainty. As a result, Ryan will:

a) Rely on Intuition
b) Seek More Information
c) Make Quick Decisions
d) Avoid Decision Making

Answer 1

In a high-uncertainty environment, managers like Ryan at Dream Catchers are expected to seek more information and use a combination of heuristics, altruistic actions, and cognitive skills to navigate decision-making.

Step-by-step explanation:

In an environment of high uncertainty, managers like Ryan at Dream Catchers are likely to seek various decision-making strategies. While intuition might play a role, it's more about how to navigate through limited information and make well-informed decisions. In this context, managers may:

• Use heuristics or rules of thumb to solve complex problems when traditional methods are not applicable due to the uncertainty.
• Act altruistically to benefit the organization and stakeholders, considering the broader impact of their decisions.
• Use cognitive skills to process abstract information and make decisions that are not solely based on concrete data.
• Seek more information to reduce uncertainty and improve the quality of their decisions.

Ryan may also anticipate situations that have never arisen before and prepare accordingly. Relying solely on rules of thumb is not enough; managers must also be willing to take chances and make sacrifices when necessary.