This PPT talks about an idea of making decision in uncertain condition. For more info visit: https://www.tools4management.com/article-category/decision-making/

1. Making Decision in UncertainMaking Decision in Uncertain
Conditions - An IdeaConditions - An Idea
Presented By - www.Tools4Management.com
"If you care about what people think about you, you willIf you care about what people think about you, you will
end up being their slave. Reject and pull your own ropeend up being their slave. Reject and pull your own rope"
― Auliq Ice

2. Why Should you Deal with Uncertainties?Why Should you Deal with Uncertainties?
Managers have to make decisions for the future of their
organizations. Sometimes they have to make decisions
when they are not aware either of the current conditions or
the future results.
As a manager, you can apply decision making tools and
techniques to manage successfully in uncertain conditions.
Dealing efficiently with uncertainty can help you avoid risks
in future

3. Risk IdentificationRisk Identification
• Financial risks - Economic losses resulting from change in
policy, poor resource allocation, decrease or increase in price
of commodity and interest rate fluctuation.
• Strategic risks - Risks arising from the investments made to
achieve objectives and mission. Include transaction risks,
investor relation risks and macroeconomic risks.
• Legal risks - Risks from litigation threats in laws and
regulations.
• Operational risks - Risks arising from using low quality raw
materials and due to production errors.

4. Risk QuantificationRisk Quantification
In this stage, managers need to calculate the
amount of money they have to invest in case a
crisis or risk occurs. In general sense, risk is the
result you get after adding the probabilities of a
risky outcome and multiplying that with the loss
you think you might incur.

5. Risk ManagementRisk Management
When risky activities are involved, the management should
have the ability to transform, absorb and manage the
risks. This process can tell you, if the organization can
endure risks. If you realize that the organization has the
ability to tolerate risks, you might take greater risks.
Implement effective decision-making tools and techniques
to know what you should do when there is uncertainty in
the organization.

6. CONTACT US

7. ThankThank
YouYou