Since managers have the final say on most things, they require information to make those decisions. Sometimes the data they receive has multiple interpretations. For example, a sales report shows the company sold red t-shirts worth $5,000 in a single month. This information is ambiguous because the manager doesn’t know the type of red t-shirts sold. Were they made of cotton or polyester? Suppose the company orders more red cotton t-shirts and they don’t sell. The manager will be held responsible for the bad decision. Hence more information is required for clarity.
The success of any organization is determined by how well employees work with each other. Workers should complement one another instead of competing all the time. They should be interdependent and accept help from each other.
Companies compete against each other for a share of the market. They do that to increase revenues and profits. On rare occasions, one company can make a mistake that costs them dearly. Assume an automaker manufactures cars with faulty safety systems. The competing automaker has to take advantage of this loophole or opportunity if they want to have the upper hand and gain more clients. Opportunities rarely happen, and if they do, the moment has a limited timeframe. In this case, if the competing automaker delays in attracting the disappointed customers, the first automaker can recall the faulty cars and give consumers a huge discount on their next purchase to keep their loyalty.