WHAT TO REALIZE Ultimately, we have no quarrel with the notion that prediction and control are touchstones of professional management. Still, politics are anything but predictable and controllable. Indeed, few, if any, predicted the political turmoil of the Arab Spring and the surpris ingly swift collapse of the Mubarak regime in Egypt. And who would have called democracy's retreat a decade ago especially when leading analysts were celebrating the"end of history?" Not to put too sharp an edge on it, but if one cannot predict these mega-events, then exactly what can one predict? Therefore, it just makes more sense-and, we might add, more cents-to resist the delusion of proactive management and opt for the practicality of passively man- aging political risk.
3-3. Given the choice between a proactive versus a passive y risk management strategy, which approach would recommend? Specify three reasons to justify your rec ommendation