Be Ready for the “Unthinkable”

Dimitris N. Chorafas

Chapter 5 in Business Efficiency and Ethics, 2015, pp 87-113 from Palgrave Macmillan

Abstract: Abstract Part of the basic philosophy of sound management is that moment by moment every “good thing,” every acquired asset, every business relationship stands on the razor’s edge of change. Often, though by no means always, the aftereffects of that change are unpredictable, while their timing and direction are not evident in advance. This is particularly true when one or more political decisions trigger that change. Still prognostication is vital; hence the need for forecasts.

Keywords: Central Bank; Hedge Fund; Public Debt; Trade Credit; Banking Crisis (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-48425-3_5

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DOI: 10.1057/9781137484253_5

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