It should also be noted that the risky situation...
It should also be noted that the risky situation is essentially different from uncertainty. It is practically impossible to evaluate and decide on events uncertain because there is no information available and the situation is uncertain. However, it is possible to see the results of the events in a risky situation and there is enough information available, but there are also threats to action. However, it is possible to make a decision. It is impossible to achieve success without risk in any form of business. The business is directly related to risk and the risk is at the start of the business.
Which tradesmen do not risk, it ceases to operate and almost collapses after a short period of time. However, it should also be noted that the risk of loss is credible, not envisaged in the plan, the probability of earning a profit. Risks can be classified according to different traits: 1. Risks of the cause, ie the causes of the occurrence. Such risks are also divided into two categories: a) economic risks associated with the identity of a person; b) Risks associated with natural factors. 2. Risk factors for: a) risks associated with future uncertainty; b) risks arising from information shortages; c) the risks arising from the prediction of the behavior of a supporter. Business is an activity that requires constant development. As the development progresses, competition in the market is naturally strengthened, and each firm is forced to seek innovation. Implementation of each innovation acts as a new source of risk. Thus, it can be concluded that as the business develops, the risk assumptions are increasing proportionately. Risk of escape from business activities weakens. Therefore, it is necessary to take risks in business activities whenever possible. However, when accepting the risk, it is necessary to predict events, assess possible outcomes, make decisions, or make a decision without exceeding the risk limit. The solution of these issues is related to risk analysis.Riskin the analysis allows identifying sources of risk, along with the identification of its sources, and what source prevails. It is discovered that the probable losses, the amount of revenues and possible comparisons are probable and that appropriate decisions are made. Risks that are not based on analyzes and calculations can lead to severe financial losses. However, the well-thought-out and thoroughly analyzed, accurate information-based risks are often successful in almost most cases. Sometimes the risk is based on intuitive decisions made by a merchant or a businessman. These are risks that have little or no information available. Intuition is the ability of people to feel based on their own perceptions. This is a manifestation of many years of experience or personal knowledge by professionals or entrepreneurs.
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