Business Decisions?

Question

Managers, most business decisions are made under conditions of either risk or uncertainty. In your opinion, is it easier to make a decision under a condition of risk or a condition of uncertainty?

Why? Give an example from your experiences to support your answer.

Answer 1

Risk implies that you know the existing conditions and can assess the probability of various outcomes versus being uncertain which implies minimal information to make a risk assessment -- So risk wins out.

I once presented a business case that had (in my estimation) a small chance of being approved as senior management. was looking for a return of 10 to 1, and my project was only providing a return of 5 to 1 -- they of course did not know that I had prior knowledge of the ratio wanted .

How does this apply -- the risk for the business case was great -- the risk for my career was just the opposite as I knew I would be perceived as an innovator trying to improve the companies bottom line by looking into new fields.

In short -- If you know the risks you can position yourself for the best outcome which ever way the pendulum swings.

Answer 2

TNA does now not have to be extra PG they have to be extra private and TV-14.. Listen, I realize humans say all TNA is, are WWE storylines simply remade all over again now.. Well from wherein I've been looking seeing that the mid- 80s I believe wrestling used to be fine at TV-14 and so what TNA copies WWE a bit of bit and has a couple of of there wrestlers There is not any different bg time institution to take humans from that may promote you speedy products.. Trust me TNA is pushing the more youthful stars in there possess little method and alot of fanatics simply have not figured it out.. A wrestling exhibit is a mixture of storytelling, spectacle, athleticism, drama, comedy, and a few **** and A$$ that that.. and TNA is simply looking to deliver thefans what they wish and turn away a bit of from the PG stuff and Vince wishes to enchantment to households wherein there may be extra money to be made than unmarried men.. I in my view believe TNA is a bit of bigger than WWEs exhibit however humans count on TNA to be competing with WWE and WWE is only a greater marketplace than TNA however TNA is slowly and obviously pushing there method up the ladder of luck and TNA might constantly be 2d industry intelligent simply when you consider that WWE has such a lot historical past and its rough to compete with that however there may be room for two enormous time companies an TNA will quickly be one in the event that they keep the direction and do not get stuck up within the struggle and simply hold doing there possess factor and simply well-nigh attempt to keep underneath the radar untill they've the backing from SPIKE TV which Spike TV does now not do to good.. If Spike TV sponsored TNA part the way in which they did the UFC then TNA might explode quicker however till then fly underneath the radar and hold making actions and larn from the errors of WCW and ECW that being do not overpay and do not now not pay your skillability.. TNA does contracts well and if they may be able to hold making splashes they'll make a gigantic wave.

Answer 3

Risk and uncertainty are related. Most of the risk has to do with the uncertain future that we face.