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In a Dynamic Environment,using Consensus to Arrive at a Strategic

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Essay

In a dynamic environment,using consensus to arrive at a strategic decision is not recommended.Why? What two techniques can strategic managers use to avoid the consensus trap?


Definitions:

Insurance

A contract represented by a policy in which an individual or entity receives financial protection or reimbursement against losses from an insurance company.

Avoiding Insured Risk

Strategies or actions taken to minimize exposure to risks that are typically covered by insurance policies.

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An online platform that provides reviews and recommendations for hotels, resorts, inns, vacations, travel packages, travel guides, and more.

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