Discussion Topics for Management Course - United States Essay

Discussion Topics for counsel Course - United States - Essay ExampleIn this case, employees feel motivated and increase their dedication line of merchandise practices, something that enhances its chances of success and quality outcomes.It is master(prenominal) for business executives to understand that risk and uncertainty are not rattling similar. Uncertainty often concerns accomplishable results and outcomes, which are not known to the business managers. On the other hand, risks brook be described as certain kinds of uncertainties that involve actual probabilities of loss for various outcomes (Ferrell & Fraedrich, 2005). In this case, it is unadorned that situations involving risks can be accounted for easily as compared to those involving uncertainties.The process of making decisions based on risky conditions has to seek, where possible to provide a definite identification of risks, quantifying and absorbing them. In this case, business executives have to understand that th e quantity of a risk is often equivalent to the total of all the probabilities relating to the particular risky outcome, alongside the judge loss from the outcome.From the foregone discussion it is evident that business managers are better placed to account for the watchfulness outcomes that are made under risky situations that those involving certainties. One of the most important aspects of a business forethought decision-making process is accounting for the outcomes. Accountability, in this case is needed in the process of making assessments and evaluations, which are important in the growth and development stages of the business (Ferrell & Fraedrich, 2005).Business managers are expected to avoid uncertainty situations in the business, this is because, they often lead to many losses in the management process. Risky situations can often perplex positive outcomes depending on the hard-hittingness of the decisions made in the business. This is the reason why business managers that make effective decisions over