Managing critical scenarios in business is the real challenge that classrooms cannot go in depth with. However, understanding administrative challenges in virtual environment gives an edge to the reciprocator in reality. Right from the CEO to the manager, everyone is focused on dealing with situations that involve risks or taking risks to convert them into opportunities. It is therefore necessary to understand how different real life situations can arise and what possible decision could be to handle them. Sometimes there are no alternatives in front of a manager so he/she looks toward the team mates and out of the many choices he/she makes one. The one decision that changes the whole direction of the task. Hence, this book as a beginning step to the budding managers or entrepreneurs, belonging to business families or seek to move ahead in business or transform, presents several cases that provide a wide developmental array to the business education. The content of the book is in eloquent manner and attempt has been made to maintain easy understanding of the caselets.