When reliable forecasting is impossible,the innovating firm should seek to manage risk through:
A)Committing to a well-defined strategy
B)Devotion itself to serving its customers
C)Building relations with investors
D)Avoiding commitments in order to maximize flexibility

Question

Quizplus · Accepted Answer

When reliable forecasting is impossible, maximizing flexibility by avoiding commitments allows a firm to adapt to unforeseen changes and manage risk more effectively.

When Reliable Forecasting Is Impossible,the Innovating Firm Should Seek to Manage