Navigating Uncertainty: Risk Management Strategies in Contemporary Management Science

Abstract

This paper explores the dynamic landscape of risk management within the framework of contemporary management science. It delves into the multifaceted nature of uncertainty faced by organizations in today's globalized and volatile business environment. By examining various risk management strategies and methodologies, this study aims to provide insights into how organizations can effectively navigate uncertainties to achieve their objectives and sustain competitive advantage. Drawing on theoretical frameworks and empirical evidence, this research contributes to the ongoing discourse on risk management practices and their implications for organizational resilience and performance.