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Critical risks associated with delaying decisions

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Question

One cause of uncertainty is proximity: things about to happen are more accessible to estimate than those further out in the future. One approach to dealing with uncertainty is to put off decisions until data become more accessible and reliable. Of course, delaying some decisions can bring risks, especially when the potential negative consequences of waiting are significant."

What are some critical risks associated with delaying decisions until sometime in the future?

Reference no: EM133339717

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