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                                 Reem Alshamsi

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                                 Reem Alshamsi

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Uncertainty is the degree of stability or instability in an industry.

Many high-tech ventures are found in industries with uncertain climates.

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Examples:
- Uncertainty-based risks include: damage by fire, flood or other natural disasters unexpected financial loss due to an economic downturn, or bankruptcy of other businesses that owe you money loss of important suppliers or customers
- Minimization of risk can be done, by taking necessary precautions.

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It is defined as the maximum number of people that may visit a tourist destination at the same time without causing destruction of the physical, economic or socio-cultural environment and an unacceptable decrease in tourist satisfaction.

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carrying capacity can be divided  into six categories:
-physical
-economic
-perceptual
-social
-ecological
- political.
The species population size is limited by environmental factors like adequate food, shelter, water, and mates. If these needs are not met, the population will decrease until the resource rebounds.

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Underestimating uncertainty can lead to strategies that neither defend against the threats or take advantage of the opportunities that higher levels of uncertainty may provide.

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Product life-cycle management refers to the company management's sequence of strategies as a product progresses through its life cycle. The conditions under which a product is marketed evolve throughout time and must be handled as it progresses through its stages.

The five stages in the product life cycle: development, introduction, growth, maturity, decline.

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business complexity is the condition of having several interdependent and interconnected stakeholders, information technology systems and organizational structures.

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The home entertainment industry is filled with examples at every stage of the product life cycle. For example, videocassettes are gone from the shelves. DVDs are in the decline stage, and flat-screen smart TVs are in the mature phase. Nintendo is a good example of a company that manages its product life cycle well.

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why is carrying capacity important for business?

Carrying capacity is the largest population size that an ecosystem can sustainably support without degrading the ecosystem. To a certain extent, population numbers are self-regulating because deaths increase when a population exceeds its carrying capacity.