Risks and Uncertainties in Innovation and Competition Essay Example Pdf
Most business decisions are made with incomplete information and an uncertainty future. Managers have to deal with risks every day. More specific a company may have a great new technology but consumer acceptance of this innovation is mysterious. A competitor may be tempted to engage in direct competition with a firm or may decide that the profits of a divided market are too slim and go on to look for other opportunities. Uncertainty includes both identifiable trends whose depth and […]