Accepting a degree of uncertainty is part of the reality of working within the business world. As a professional in business management, there will be situations where you will have to make decisions without possessing sufficient information. To continue to make practical, intelligent choices while immersed in unsureness, you must hone your ability to handle uncertainty.
As creatures trained to avoid risk, our brains are hardwired to react to uncertainty with fear. This fear can short-circuit our ability to make balanced choices.
While in ESCP Business School’s Bachelor in Management (BSc) programme, you will learn how to engage in complex decision-making processes. Through a combination of in-depth coursework and soft-skills workshops, you will become adept at handling business uncertainty with grace. Read on for three ways you can train yourself to foster your ability at dealing with uncertainty.
Manage Your Emotional Intelligence During Business Management Courses
The primary way to facilitate an ability to productively engage with uncertainty is to train your emotional intelligence (EQ). We become unable to successfully manage uncertainty due to fear and anxiety. These feelings resonate from the primitive, emotional part of our brains. The best way to offset them is by learning to think rationally under the pressures of fear.
While enrolled in our Bachelor in Management (BSc) programme, students learn concepts and skills that boost their professional careers. Students should learn how to manage their emotions simultaneously. Studying in different countries, tackling challenging coursework, and working alongside peers can help you develop your emotional intelligence. This combination of technical, conceptual, and soft skills can together be key skills for your CV.
There are a few techniques that can facilitate this growth. When faced with irrational thoughts that arise from fear, consciously label them as irrational and not representative of reality. This will facilitate an awareness that your logical mind needs to take the reins from your emotional mind. For example, when panicking about your course grades, make an effort to remind yourself of the reality that you have worked hard at your schoolwork.
Another key psychological insight: where you focus your attention will largely determine your emotional state. Instead of fixating on the problems at hand, instead focus on actions that will improve the circumstances. As in the above example, if you are concerned about your grades, attempt to take more time to study, rather than simply fixating on the fear that you will fail a class.
Teach Yourself to Prepare for Several Outcomes
Honing your emotional intelligence can assist you in the moment when fear strikes. It does this by teaching you how to manage your irrational reactions to troubling circumstances. However, managing a situation involves a combination of planning in advance and responding in the moment.
You will vastly improve your ability to successfully respond to uncertainty by thoroughly defining your business plans. As a responsible business manager, you should have several contingency plans in place in case an emergency arises. You can begin to refine this skill during your time at school. When plotting out your course of action, you should decide on alternate pathways in case of a diversion. You should be strategically prepared for moments such as a necessary sick day. By planning in this way, you can prepare yourself for the uncertainty of a business career.
Hone Your Skill of Properly Assessing the Risk of a Situation
Many bachelor degree jobs in business management will require you to be adept at risk assessment. Students in our Bachelor in Management (BSc) programme foster this adeptness through learning about statistics and probability. There is no such thing as finding a perfect solution to an uncertain circumstance. However, risk assessment can help you locate a productive way forward.
Knowing how to conduct an effective risk assessment can assist you in moving through uncertainty without becoming overwhelmed. When considering an uncertain situation, you should take stock of what is known and what isn’t. To each factor, assign a degree of importance. This will help you cease focusing on the ambiguities of the circumstances and move towards a plan of action. For example, when feeling overwhelmed by an approaching business school test, analyze what you know and do not know about the potential content of the test. For each factor, decide which are the most important to address through studying, inquiring with classmates, or other courses of action.
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