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School of Business, Economics and IT
Division of Business Administration
Assignment, 7.5 HE credits in Business Administration
Risk and uncertainty
International Strategic Management
Name:Wang Sai
Personal Number:931002-P614
Introduction:
When i finished reading about this book,the book gave me the biggest feeling is a
very very broad subject.And i learned a lot of things in this book.For example,i found
SWOT analysis,competitive advantage,monopoly,strategic decision making,short
run,market-based view,value chain,core competence,competitive advantage,strategic
planning,diamond of national advantage,innovation,corporate governance,risk and
uncertainty,scenarios and stakeholders.The more reading finished,the more fun i
got,the more clear of my thinking.
What impressed me the most is the risk and uncertainty.The first,we should know
what is risk and uncertainty.As we known,financial crisis originated in the United
States caused great shock to the world economy, also made a lot of enterprise
off-guard, collapse or bankruptcy. Global economic integration and the rapid advance
of science and technology makes the current business environment has become
increasingly complex,changeable and full of great uncertainty. Someone said: the
world today is the only certain is uncertain, the only constant is change. How to adapt
to rapid changes in the external environment. Seizing the favorable factors brought by
environmental uncertainty and avoiding negative factors of environmental uncertainty
in the enterprise management has become the important subject. This in the current
business environment under the condition of the volatility has a particularly important
practical significance.Why i wrote this re
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