Format:
35 pages :
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illustrations ;
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21 × 29.7 cm.
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AI-GENERATED ABSTRACT: Abstract: To remain viable in today's fast-changing world, organizations must be able to adapt to their environment, a concept that has been emphasized by leading organizational theorists (Duncan, 1972). Despite expressing positive intentions towards adopting circularity in plastic usage, most manufacturing companies still do not use recycled plastic (Khan, 2023). This inconsistency between intention and behavior can be attributed to a range of factors, as highlighted by van der Vegt and others (2022). Even though there is ample evidence showing that incorporating recycled plastic into manufacturing processes can enhance business performance, many companies are still hesitant to take this step (Khan, 2023). One critical factor that plays a significant role in managerial decision-making when it comes to recyclable plastic is uncertainty, which is an individual's perceived inability to predict something accurately (Milliken, 1987). Uncertainties related to regulatory environment, cost, supply chain issues, consumer preferences, and technology can create obstacles for firms looking to adopt sustainable practices. Therefore, it is crucial to identify and manage these uncertainties effectively to facilitate the adoption of recyclable plastics. This study analyses different types of uncertainties and managerial decision making processes that decision makers face. By recognising and managing unceirainties in the context of adoption of recycled plastic, firms can plan and analyze carefully to ensure that they can adopt recyclable plastics effectively and contribute to environmental sustainability. To achieve this, this review utilized a qualitative research method, analyzing existing studies, books, and reports on the topic to investigate different approaches to adapting recyclable plastics and uncertainty management in companies and identified factors like economic considerations, quality and technical barriers, lack of demand, regulatory and policy factors, cultural factors, systemic factors, organizational factors, and uncertainty. Future studies may delve deeper into the individual factors identified. Keywords: organizational adaptability, circularity, recycled plastic, sustainability, uncertainty management, managerial decision-making, regulatory environment, supply chain, consumer preferences, qualitative research
Note:
DISSERTATION NOTE: Bachelor of Arts thesis in Digital Business and Management, Berlin International University of Applied Sciences, 2023.
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MACHINE-GENERATED CONTENTS NOTE: Table of Contents abstract...........................................................................iii introduction......................................................................1 methodology.....................................................................2 literature Review.................................................................3 Overview of Decision Making.................................................3 Decision Making Process.....................................................4 Risk Management...............................................................5 Risk Assessment Techniques..................................................6 Decision Making Under Uncertainty..........................................11 Decision Making Models........................................................12 Behavioural Aspects of Decision Making.....................................13 Ethical Considerations........................................................15 Recyclable Plastic Adoption..................................................16 Recycled Plastic Usage........................................................16 Factors Influencing Managerial Decision Making in Recyclable Plastic Adoption...17 findings..........................................................................23 limitations, Research Gaps and Future Research Directions........................24 discussion.......................................................................25 conclusion.......................................................................25 references.......................................................................27
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Keywords:
Academic theses
