The Importance of Managing Risk and Uncertainty

Peter Lorange
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Peter Lorange: IMD

Chapter 10 in Learning and Teaching Business, 2023, pp 111-118 from Springer

Abstract: Abstract There shall, of course, always be risks and uncertainties in life, as well as in business. But how to cope with these, in such ways that one might avoid taking larger risks and being exposed to a higher uncertainty than necessary? In part, the “answer” is to be as fully prepared as possible. Additionally, it is a matter of not being greedy, i.e., to show moderation when committing to something, and to exit in time, i.e., before it is too late.

Date: 2023
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DOI: 10.1007/978-3-031-14564-3_10

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