C.K. Prahalad thinks we are entering a period where a key challenge is managing volatility and discontinuities.

“In an unpredictable world, trying to be right can lead managers terribly astray.” So write Rita Gunther McGrath and Ian C. MacMillan in their new article in MIT Sloan Management Review.

Looking for new strategies for doing business in the recession? Consider strategies employed by companies from emerging markets — where economic volatility and constraints on consumer disposable income are commonplace.

Behavioral economist Dan Ariely points out the importance of testing assumptions through experiments.

Entrepreneurs can learn to maintain discipline while pursuing an opportunity and manage — rather than ignore or avoid — the uncertainty that comes with the territory.

Three new studies suggest that the most effective leaders admit they don’t have all the answers — and are willing to ask their employees for help.

Project managers can’t predict the future, but accurately gauging the degree of uncertainty inherent in their projects can help them quickly adapt to it.