By definition, business uncertainty refers toinstances in which organisations face risks where the outcomes cannot be foreseen or measured. Being left in the dark in these circumstances, it can be challenging for businesses to accurately forecast their performance. Be it due to an unprece...
In volatile business environments, though, such thinking is no longer practical.RITA GUNTHER McGRATHColumbia Business SchoolIAN C. MacMILLANMIT Sloan Management ReviewMcGarth RG, MacMillan IC (2009). How to Rethink Your Business During Uncertainty. Sloan Manage. Rev., 50(3): 24-31....
With pen to paper, write down what it is that is currently causing you to feel uncertain. By writing out what is stressing you out, you're putting a name to the issue which can help you to tackle the problem and break it down into more manageable tasks for yourself. ...
Over 5 years ago I wrote the postWhen Uncertainty Strikes, Focus on What You Can Control. This is even more true today. Let go of those things that are out of your control. You cannot control: What the government will do Which employer will be hiring tomorrow ...
The only thing certain about 2025 is uncertainty. And uncertainty poses the foremost threat to countries' economic health, which thrives on optimistic anticipations, and deteriorates otherwise.The revival of the China-United Kingdom Economic and Financial Dialogue over the weekend, after its suspension...
companies—were responsible for the creation of new things in the search for profit. Knight focused on entrepreneurs as the bearers of uncertainty and believed they were responsible for risk premiums infinancial markets. Kirzner thought of entrepreneurship as a process that led to the discovery of ...
How do you deal with a pay cut and deal with this uncertainty? There are strategies to help you navigate both the emotional and financial challenges of this situation. One key element? A budget. Whether you need to create a budget from scratch or adjust the budget you already have, doing...
As people begin to follow safety instructions, communication can shift to a focus on adjusting to change and uncertainty. Finally, as the crisis’s end comes into view, ramp up internalizing information to help people make sense of the crisis and its...
Resignations are commonplace in business, and throughout my time as an employer in the education industry, I have had to deal with it numerous times. Most recently, I dealt with my assistant resigning, which was especially hard, as he was an employee that I worked closely with and had com...
In addition to addressing that immediate need for our clients, as a small business ourselves, we want to do all we can to support other businesses that will be affected in the days ahead. Helping your business thrive during uncertainty