International Research Journal of Commerce , Arts and Science
( Online- ISSN 2319 - 9202 ) New DOI : 10.32804/CASIRJ
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DEALING WITH UNCERTAINTIES AND SCENARIO MODELING
1 Author(s): DEEPIKA DEVI
Vol - 4, Issue- 2 , Page(s) : 213 - 215 (2013 ) DOI : https://doi.org/10.32804/CASIRJ
The business environment is often unpredictable and uncertain because of factors such as economic changes, government regulations, dependence on subcontractors and vendors, etc. Managers often find themselves in a dynamic, unsettled environment where even short range plans must be constantly reassessed and incrementally adjusted. All these require a change-oriented mentality to cope with uncertainties. Remember that surprise is not an element of a robust decision.