Essays on Uncertainty

The West Indies Yacht Club Resort (WIYCR) is encountering 4 main problems which includes high expatriate turnover rate, increasing guest complaints, increasing tension between locals and expatriates and low employee motivation. Most of these problems relate to cross cultural conflicts and usage of various management styles. These problems can be well explained by Hofstede’s cultural…

When Harry Met Sally First impressions are not everything and in many cases our first impressions of someone are quite wrong. As humans we are rather quick at times dismiss someone and we never given them a second chance to prove our assumptions false. In the movie When Harry Met Sally, their first impressions of…

The world has changed; we have progressed from the “Industrial Age” and now to the “Information Age”. In this age the need for well researched information has become paramount. The growth rate of businesses internationally has been phenomenal and this is has resulted from the use of technology coupled with the timely use of information….

According to the Transaction Cost Theory, since there is a high level of uncertainty between Hercules and Fafco as well as problems renegotiating, Fafco should vertically integrate. The uncertainty is probably a result of the rapid growth Fafco is experiencing. This rapid growth is causing demand and volume uncertainty. As the technology available to design…