Every Business Needs to _____ to Grow

question 49

Multiple Choice

Every business needs to _____ to grow.

• A) minimize risk
• B) take risk
• C) wait until change happens before rethinking its business model
• D) eliminate thoughts of future scenarios
• E) attach probabilities to uncertainty

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Definitions:

Roberts' Rules Of Order

A widely used manual of parliamentary procedure that governs the conduct of meetings in many organizations.

Groupthink

Groupthink refers to a psychological phenomenon where the desire for harmony and conformity within a group results in an irrational or dysfunctional decision-making outcome.

Nominal Group

A technique used in group decision-making that involves individuals generating ideas independently before sharing and discussing them collectively.

Illusion Of Agreement

The false perception that consensus has been achieved in a group when, in reality, members may not fully understand or support the decision.