How is the decision made in a random future?

Managing uncertainty in decision-making relies on identifying, quantifying, and analyzing the factors that can affect outcomes. This enables managers to identify likely risks and their potential Impact.

1. we need to first identifying the types of Risks( any events or factors affecting the outcomes or your objectives). priorities the list accordingly.
2. Then Quantifying the Risk factors 
3. Start to Manage those factors by any means....hedging etc.

I belive that this could be using first

1- A SOWT ANALYSIS as a first step'

2- Making a TOWS matrix as a second step

3- Buliding up a flexible work plan according to the previous results

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by assess the past and present and estimate the future 

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Just like we take it in a known future, decision is decision in all era !

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The following elements are involved in the decision making, planning and control process.

1. Identify the objectives that will guide the business 

2. Search for a range of poss courses of action that might enable the objectives to be achieved 

3. Gather data about the alternatives

4. select appropriate alternative course of action that will enable the objectives to be achieved.

5.implement the decision as part of the planning budgeting process.

In short decision making involves choosing between alternatives. As such all alternatives must be assessed. The past, present and future must be looked at.

by analyzing situations and future upcoming changes in market, politics social ethics and by right combinition of past and present experiments results.

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