Risk is likely to occur in ....!

in #steempress6 years ago

Risk is likely to occur in any event. Every businessman is in a proper risk of doing so. Each entrepreneur knows about the limit of risk in his business, as well as the business area, so that he can evaluate how much risk is possible. For example: You should not refuse to cross the street, beware of the risk of falling under the car. But knowing the rules of the road, it is possible to cross the street safely with the permission of the pedestrian crossing. It is estimated that risk management can lead to losses at business management. When performing any business activity, it is important that the venturer be able to predict, evaluate and calculate the probability of the loss of the business at the design or planning stage. Naturally, if the outcome of these calculations is high, the entrepreneur should abandon this business activity. It should be noted that, as with other forms of planning, it is expedient to apply the "gold middle" theory in the risk strategy. It is possible to reduce the risk by studying possible operations by choosing the less risky or expedient version of the activity. It is not always possible to avoid risk.


However, it is possible to see the potential risks, to learn and minimize the risk. The rate of loss is measured by the absolute and relative limit of possible losses, measured by natural or quantifiable values. Risk losses in business activities are divided into the following forms:

  1. Commodity stocks, material resources and time losses;
  2. Losses in the form of labor and money. It should be noted that there are a number of losses that can occur in the form of damage to the life and health of the population, the environment, the entrepreneur's reputation, leading to unpleasant social and moral and psychological consequences. It is possible to estimate such losses as income or money is not. Even if the risk limit exceeds the value of the entire property of the venture, and the entrepreneur accepts this risk and continues to operate, risks can be called a "catastrophic risk." In essence, this means that the entrepreneur at risk does not only risk the entire amount of money he / she operates. Each category of risk categories qualifies for its quantitative parameters.
  3. The probability of a certain limit of looting;
  4. Loss of a culprit at a predetermined level. In business activities, it is incorrect to base on a certain amount of loss during decision-making on the feasibility and expediency of risk. It is important to keep in mind that events that can be detected by sudden, unexpected and unexpected events can also occur. Therefore, it is important to take into account the probability curve, which exceeds the specified loss in the following calculation of risk. Risk assessment depends on the personal qualities of the entrepreneur, its management skills, work experience, literacy and decision-making skills. The tendency of tradesmen to risk is dependent on the degree of their confidence in the activity they choose, depending on their personality.

    Posted from my blog with SteemPress : https://alfren.000webhostapp.com/2018/09/risk-is-likely-to-occur-in
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