The Key Challenge for Managers is:
- The inability to prepare for a world that cannot be predicted by the experiences of the past.
In its most basic form, business uncertainty is any occurrence that a firm cannot foresee or directly control but which may have unfavourable results. It is not to be confused with risk, even if the two notions are similar.
Uncertainty in the business environment can result from changes in the political, technical, economic, and environmental landscape, such as technology advancements, data breaches, natural disasters, or new company rules.
<h3><u>What is an instance of a business that is uncertain?</u></h3>
- Because of changes in the economy, business uncertainty is common. the evolution of demand, legislation, technology, etc.
To Learn more about Uncertainty in Business, Click the links.
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