DOI: 10.4324/9781003304678-12

Managements and Boards of organizations across the globe are fraught with multiple priorities that demand their attention and the need for considered and timely decisions. The senior leaders must balance their time and energy for seeking and realizing opportunities that come their way and dealing with accompanying risks and threats that could shake the very edifice of the organization if there is negligence in taking and initiating the right action.

These diversions for the management may relate to issues of a diverse nature, for example, financial and economic focus, investment decisions pertaining to returns, technology, competition, market share, product innovation, etc. The common factor among these ...

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