Delaying taking action until the situation becomes clearer, following developments, and waiting for a better moment to act may be the most appropriate strategy when there is moderate or extreme uncertainty. Select one: True False

Question

Mckenna Hardy

Business

23 September, 11:59

Delaying taking action until the situation becomes clearer, following developments, and waiting for a better moment to act may be the most appropriate strategy when there is moderate or extreme uncertainty. Select one: True False

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Answers (1)

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Kolten Buck · Answer 1

The statement is: False.

Explanation:

In front of uncertainty in a corporation, there is nothing worst than waiting for events to take place to mitigate the risks. As soon as these scenarios appear, managers must find out ways to collect information about what is happening to make a stand and minimize all possible harm the uncertainty could bring to the firm. Besides, such cases must be recorded so the company will be able to know what to do if the happen again in the future.