Episode 22 - Navigating Uncertainty
Navigating Uncertainty - Step 2 - Risk Management
"Navigating Uncertainty" in an age of rapid change and transformation
Navigating uncertainty is scary. But if you look at a few statistics about uncertainty and business, it's even scarier! But there is always a way and businesses who successfully navigate uncertainty are the businesses who thrive and create breakthroughs.
- Small businesses faced an average revenue loss of 13% during periods of high uncertainty. (U.S. Chamber of Commerce)
- Globally businesses spent an additional $1.5 trillion on extra inventory due to supply chain uncertainties during the COVID-19 pandemic. (The Economist)
'Navigating Uncertainty' is a content series where we navigate from understanding to what 'uncertainty' means for business to understanding the impact of 'uncertainty' to how to deal with uncertainty and much more. So, join with us in this voyage!
