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12.An organization is planning to create a joint venture to cope up with environmental uncertainty. This is an example of the following type of organizational response to its environment a. Administrative Response b. Collective response c. Competitive response d. Micro-Environment Response?
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12.An organization is planning to create a joint venture to cope up wi...
Organizational Response to Environmental Uncertainty
When organizations face environmental uncertainty, they must respond to adapt and survive. One way to respond is to create a joint venture with another organization. This is an example of a collective response.
Collective Response
A collective response involves organizations working together to cope with environmental uncertainty. In this case, the organization is creating a joint venture with another organization to share resources, knowledge, and expertise to better address environmental uncertainty. This response is an alternative to individual responses, where the organization would try to address the issue on its own.
Advantages of Collective Response
There are several advantages to a collective response, including:
1. Shared resources: By working together, the organizations can share resources, such as capital, technology, and personnel, to better address environmental uncertainty.
2. Knowledge exchange: The organizations can exchange knowledge and expertise, allowing them to learn from each other and develop new solutions.
3. Improved bargaining power: The joint venture gives the organizations more bargaining power with suppliers, customers, and competitors.
Conclusion
Creating a joint venture is an example of a collective response to environmental uncertainty. By working together, the organizations can share resources, exchange knowledge, and improve their bargaining power. This response is an alternative to individual responses and can be an effective way to cope with environmental uncertainty.
When organizations face environmental uncertainty, they must respond to adapt and survive. One way to respond is to create a joint venture with another organization. This is an example of a collective response.
Collective Response
A collective response involves organizations working together to cope with environmental uncertainty. In this case, the organization is creating a joint venture with another organization to share resources, knowledge, and expertise to better address environmental uncertainty. This response is an alternative to individual responses, where the organization would try to address the issue on its own.
Advantages of Collective Response
There are several advantages to a collective response, including:
1. Shared resources: By working together, the organizations can share resources, such as capital, technology, and personnel, to better address environmental uncertainty.
2. Knowledge exchange: The organizations can exchange knowledge and expertise, allowing them to learn from each other and develop new solutions.
3. Improved bargaining power: The joint venture gives the organizations more bargaining power with suppliers, customers, and competitors.
Conclusion
Creating a joint venture is an example of a collective response to environmental uncertainty. By working together, the organizations can share resources, exchange knowledge, and improve their bargaining power. This response is an alternative to individual responses and can be an effective way to cope with environmental uncertainty.
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12.An organization is planning to create a joint venture to cope up with environmental uncertainty. This is an example of the following type of organizational response to its environment a. Administrative Response b. Collective response c. Competitive response d. Micro-Environment Response?
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12.An organization is planning to create a joint venture to cope up with environmental uncertainty. This is an example of the following type of organizational response to its environment a. Administrative Response b. Collective response c. Competitive response d. Micro-Environment Response? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about 12.An organization is planning to create a joint venture to cope up with environmental uncertainty. This is an example of the following type of organizational response to its environment a. Administrative Response b. Collective response c. Competitive response d. Micro-Environment Response? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 12.An organization is planning to create a joint venture to cope up with environmental uncertainty. This is an example of the following type of organizational response to its environment a. Administrative Response b. Collective response c. Competitive response d. Micro-Environment Response?.
12.An organization is planning to create a joint venture to cope up with environmental uncertainty. This is an example of the following type of organizational response to its environment a. Administrative Response b. Collective response c. Competitive response d. Micro-Environment Response? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about 12.An organization is planning to create a joint venture to cope up with environmental uncertainty. This is an example of the following type of organizational response to its environment a. Administrative Response b. Collective response c. Competitive response d. Micro-Environment Response? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 12.An organization is planning to create a joint venture to cope up with environmental uncertainty. This is an example of the following type of organizational response to its environment a. Administrative Response b. Collective response c. Competitive response d. Micro-Environment Response?.
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