Risk is inherent in the day-to-day life of any manager and all businesses are built on an element of risk.
Managers must weigh up the risks involved in all decisions they make, and business risk management is a specialist field in itself. The balance to strike between taking too many risks and being too risk-averse is a difficult one.
Many aspect of corporate strategy carry risk. For instance, there are risks of mergers and diversification risks. However, a risk taking entrepreneur can be a successful one. The articles below deal with risk management and risks involved in business.
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Submitted by Edward de Bono on Thu, 2009-01-22 00:36
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Innovation and Maintenance: If it's a choice between innovation and maintenance, innovation should win every time - Thinking Managers by Edward de Bono and Robert Heller
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Improvement and Equilibrium: Perceived equilibrium should not rule out improvement - Thinking Managers by Edward de Bono and Robert Heller
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Risk: Perceived risks should not hamper creativity - Thinking Managers by Edward de Bono and Robert Heller
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Timing in Business: Get your timing right and choose the correct cut-off and cut-in points - Thinking Managers by Edward de Bono and Robert Heller
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