Leadership & Managing People

As we all know, disparate types of work play a vital role in the progress or advance ment of certain companies specially in this modern era where competition is really tight and bloodline tycoons atomic number 18 rampant. According to Britannica Online1, argument organization is an entity formed for the purpose of carrying on commercial enterprise such an organization is predicated on systems of righteousness governing contract and exchange, property rights, and incorporation.Business like these greatly aids in the improvement of the lifestyle of man. in that location atomic number 18 many 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 product in conjunction to attract consumers and sell the product resulting to the development of the company. But before anything else, companies must have a uncouth picture of what the hereafter mi ght be and how their product can contribute to the welfare of the future in one way or another.In accordance to the hold Strategy under Uncertainty by Hugh Courtney, Jane Kirkland and Patrick Viguerie, I agree that these strategies and the different levels of uncertainties analyzed and presented in the article are possible. And with further application of these strategies the company allow 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 most companies do and will experience these uncertainties and agree 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. Retri eved June 12, 2007, from Encyclopdia Britannica Online http//www.britannica.com/eb/article-9106109uncertainty they are presently in and apply the strategy undeniable for further progression of the company. Also, in the article, issues such future realization 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 become productive as well as efficient. In the article, there are in any case several diagrams or figures that can help in further understanding the different levels of uncertainty macrocosm discussed in the article.According to Anne Brown2, most profitable business ventures have been started by people under 35. Based on this statement made by the above stated author, people handling different business transfigure in age. Which tells us that success is not only achieved through the yea rs but through total understanding 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, market situation in which each of a fewer producers affects but does not control the market, and each producer must consider the effect of a charge 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 and so dangerous. Since there is no assurance that the product being advertised can catch the attention of the consumer. piss for example food business, commercials are not enough or flyers, the consumer must take a peck of the product in order to be persuaded to buy it.2 talented tycoons. (1999). In The Freelibrary. Retrieved June 17, 2007, from thefr eelibrary.com http//www.thefreelibrary.com/Talented+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