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With the war in Iraq, terrorist attacks and probable nuclear weapons capability of countries like North Korea and Iran, the world is again in an unstable state. From a managerial perspective, evaluating historical data can be key to managing the inherent risk involved in strategic planning for an uncertain future. While you may never be called upon to make a decision with as much at stake as did the Executive Committee in the Cuban Missile Crisis, as future managers, you will be called upon to make strategic decisions that will affect your organization, your employees and yourself. Studying the Cuban Missile Crisis where the concepts and techniques of strategic decision making were so successfully employed will enhance your understanding of the process and increase your ability to effectively apply those same concepts when required...
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