meaning of "to lose one's grip"

[Foka]

English Language Tests, Intermediate level

ESL/EFL Test #61 "Losing It (1)", question 4

The important key to success in this business is strong management because if you lose your ........., then you're in real trouble.

(a) hold
(b) stay
(c) grab
(d) grip

English Language Tests, Intermediate level

ESL/EFL Test #61 "Losing It (1)", answer 4

The important key to success in this business is strong management because if you lose your grip, then you're in real trouble.

Correct answer: (d) grip

Your answer was: correct
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please explain to me "to lose one's grip"

thank you
Foka

[Alan]

This means that you lose your firm control of the situation.

A
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English as a Second Language
You can read my ESL story Present Simple

[Admira]

Hi Alan.
What is the difference between grip and grab, it looks they have the same meaning,haven't they?
Admira.
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To be or not to be ,that is the question.

[Alan]

Hi Admira,

'Grip' suggests hold firmly and 'grab' suggests take hold of quickly. Imagine that you are on the side of a cliff and you feel that you are falling. In that case you would grab a piece of rock to stop yourself falling and you would grip this piece of rock and not let go.

Alan
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English as a Foreign Language
You can read my EFL story Progressive Forms

[Admira]

Hi Alan.Thank you very much for your explanation.
Admira.
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To be or not to be ,that is the question.