The three conditions that characterise difficult managerial decisions concerning resources, capabilities and core competencies are:
A)imitability, complexity and interorganisational conflicts
B)uncertainty, value and availability of resources
C)uncertainty, complexity and interorganisational conflicts
D)complexity, rarity and capacity

Question

Quizplus · Accepted Answer

Uncertainty refers to the difficulty in predicting outcomes and consequences of decisions. Complexity refers to the intricate nature of decision-making involving multiple factors and variables. Interorganisational conflicts arise when there are disagreements or competition between different organisations that may affect resource allocation and capabilities. These three conditions make decision-making challenging for managers. Option A is incorrect as it includes imitability and rarity which are not mentioned in the question. Option B is incorrect as it only includes value and availability of resources but does not mention capabilities and core competencies. Option D is incorrect as it includes capacity instead of uncertainty.

The Three Conditions That Characterise Difficult Managerial Decisions Concerning Resources