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Lecture 3

week 3

4 Pages

Global Management Studies
Course Code
GMS 200
Sui Sui

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Two Main Systems of Thinking (092110) Based on the work done by Daniel Kahneman Nobel Laureate in Economics (2002) Intuitive (System 1) o Fast o Associative o Automatic o Effortless o Pronounced when busy Systematic (System 2) o Slow o Not associative o Controlled o Effortful o Pronounced when free Chapter 4 Environment, Organizational Culture and Diversity (092810) Environmental Uncertainty Environmental uncertainty is a lack of complete information regarding hat exists and what developments may occur in the external environment Two dimensions of environmental uncertainty: o 1. Complexity o 2. Rate of change High-moderate High uncertainty; Rate of Change in High uncertainty requires greatest Environment flexibility and adaptation Low Low uncertainty Low-moderate
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