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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 974 |
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The future?impossible to see or even predict, yet much of what a manager does involves events that occur in the future. Successful management may be observed as a result of both good luck and prediction. Luck was not with me during those dark hours following 9/11. In business, no one can predict the future with any great detail or certainty, however, reasonably reliable forecasts can be made using the right tools and with a little luck...
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Attempts to forecast accurately have become increasingly more difficult due to accelerating technological progress, faster cultural change, and competition emerging outside the traditional borders.
According to the University of Virginia, Darden School of Business, the authors of The Portable MBA, " the key is to keep your options open and to know when to adjust or change course to respond to events that are different from what is anticipated" (Bruner et al, 2003)...
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