|
Three Types
of
Business Risks |
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Individual Risk –
all
trusting relationships have meaningful incentives at stake and the
trusting party must understand the risks involved in the relationship.
Managerial Risk – speaks to the
reality of uncertain outcomes that are associated with managerial
decisions.
→
Learning SWOT
Questions
Organizational Risk is a
characteristic of firms experiencing volatile and often
unpredictable
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income streams. |
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Humorous Business Plan
Financial Success |
Development risk
"The more you chase money, the harder
it is to catch it."
~ Mike Tatum...
Risk
management strategy
"It is better to spend money like there's no tomorrow then to spend
tonight like there's no money."
~ P.J. O'Rourke...
More |
|
Humorous Business Plan
Success in Love |
Growth risk
"A
sweetheart is a bottle of wine; a wife is a
wine bottle."
~
P.C. Baudeareil...
Risk management strategy
"Adultery is democracy applied to
love."
~
H. L. Menken...
More |
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Innovation Football
as
a Great Risk Management Tool
Making big changes,
radical innovation
project management (RPM)
or international business development (IBD)
ventures involve various risks.
Simulation game
Innovation Football
(INNOBALL)
will help you not just
anticipate and reduce these
risks, but also turn these risks to
opportunities and
achieve great results!
>>
Example 1
Example
2
Example
3
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The Biggest Risk
The biggest risk is not taking risks. If you
venture nothing, you
win
nothing.
"Security is mostly a superstition. It does
not exist in nature, nor do the children of men as a whole experience it.
Avoiding danger is no safer in the long run than outright exposure. Life is
either a daring adventure or nothing,"
~ Helen Keller
>>>
Colin Powell's 18 Lessons for
Leaders
Once the information is in the 40 to 70 range,
go with your gut. Don't wait until you have enough facts to be 100% sure,
because by then it is almost always too late....
More
→
Entrepreneurial Leader:
4 Attributes
The Greatest Source of Risk
The greatest source of risk in any business is
failure to understand dynamic
needs of the customer or end user.
Managerial Risk
The logic of managerial risk applies at
the level of each individual. Good managers build
trusting relationships. Yet, to trust another party makes a person
vulnerable to outcomes of that party's actions. Thus managerial risk creates
vulnerability.
In addition, managerial
decisions taken in an unknown environment result in uncertain outcomes.
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|
Managing Five Business
Development Risks
You
face five risks at every stage of your
business development:
① Growth risk
② Technology & production risk
③ Marketability & competing risk
④ Financial risk
⑤ Team & management risk.
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Entrepreneurial
risk management approaches can help you turn these risks into
opportunities...
More
Project Risk Management
Project risk management analyzes the possible trade-offs between cost,
schedule, and uncertainty. Risk management strategy represents some kind of
rebalancing, of choosing alternative ways to deliver the same results...
More
→
10 Key
Project Leader Skills
 Silicon
Valley Companies
Silicon Valley companies use the
innovation portfolio approach to
manage innovation and risks...
More
|
