David W. Conklin
Uncertainty
can't be eliminated
from the business environment,
but it can be managed
by transforming it into
Planned Uncertainty.
*Hedging - to avoid a rigid commitment by qualifying or modifying a position so as to permit withdrawal: He felt that he was speaking too boldly and began to hedge before they could contradict him.
*Contingency - dependence on chance or on the fulfillment of a condition; uncertainty; fortuitousness: Nothing was left to contingency.
*Expropriation - to dispossess (a person) of ownership: The revolutionary government expropriated the landowners from their estates.
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