Leadership & Managing People

As we all know, antithetical types of disdain play a vital role in the progress or development of certain companies especially in this modern era where contestation is really tight and traffic barons argon rampant. According to Britannica Online1, business musical arrangement is an entity formed for the purpose of carrying on commercial enterprise such an ecesis is predicated on systems of law governing contract and exchange, property rights, and incorporation.Business handle these greatly aids in the improvement of the lifestyle of man. There are many a nonher(prenominal) types of businesses some involving housing, food, clothing, drugs, etc. Whichever or whatever it may be, different business men or managers use different strategies in advertising a certain convergence in order to attract consumers and sell the intersection point resulting to the development of the caller-up. But before anything else, companies must have a unmown picture of what the future might be an d how their product terminate yield to the welfare of the future in one way or a nonher.In accordance to the article Strategy under Uncertainty by Hugh Courtney, Jane Kirkland and Patrick Viguerie, I break that these strategies and the different levels of uncertainties analyzed and presented in the article are possible. And with hike up lotion of these strategies the company will certainly improve, even taking into account that no matter what status the company may be, a newbie or a booming business under the leadership of a tycoon it undergoes these different levels.I am in agreement with the topics discussed in the article because closely companies do and will experience these uncertainties and apply these different strategies for further advancement and development of the company. Even big companies such as the electronic company Sony, or the clothing line of Guess and other businesses analyze the level of1 business organization. (2007). In Encyclopdia Britannica. Retrieve d June 12, 2007, from Encyclopdia Britannica Online http//www.britannica.com/eb/article-9106109 skepticism they are presently in and apply the system infallible for further progression of the company. Also, in the article, issues such future credit and analysis to where the product is needed are discussed.In the article, the four types of level of uncertainty stated are very impressive. As they convey and state what companies of different business have to face and decide upon in order to fit productive as well as efficient. In the article, there are excessively several diagrams or figures that can help in further taste the different levels of uncertainty being discussed in the article.According to Anne Brown2, most paid business ventures have been started by people under 35. Based on this statement made by the above stated author, people handling different business vary in age. Which tells us that success is not only achieved through the years but through thorough understand ing of the business as well as planning what approporiate strategies the business is needed to be assessed with.In the article Strategy under Uncertainty, oligopoly was stated. Oligopoly according to Britannica Online3, mart situation in which each of a few producers affects but does not control the market, and each producer must consider the effect of a price change on the actions of the other producers. Especially in bussiness organizations like these, different work strategies are needed for the company to survive. I also agree with the article that traditional approaches in advertising are so dangerous. Since there is no assurance that the product being advertised can catch the attention of the consumer. Take for example food business, commercials are not enough or flyers, the consumer must take a taste of the product in order to be persuaded to buy it.2 talented tycoons. (1999). In The Freelibrary. Retrieved June 17, 2007, from thefreelibrary.com http//www.thefreelibrary.com/ intellectual+tycoons-a0547837763 oligopoly. (2007). In Encyclopdia Britannica. Retrieved June 17, 2007, from Encyclopdia Britannica Online http//www.britannica.com/eb/article-9057021Referencesbusiness organization. (2007). In Encyclopdia Britannica. Retrieved June 16, 2007, from Encyclopdia Britannica Online http//www.britannica.com/eb/article-9106109oligopoly. (2007). In Encyclopdia Britannica. Retrieved June 17, 2007, from Encyclopdia Britannica Online http//www.britannica.com/eb/article-9057021talented tycoons. (1999). In The Freelibrary. Retrieved June 17, 2007, from thefreelibrary.com http//www.thefreelibrary.com/Talented+tycoons-a054783776