WK 2 - DQ 10 - MGT/498 – Strategic Management University...

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Unformatted text preview: MGT/498 – Strategic Management University of Phoenix Professor: TUGTEKIN GOKAYDIN Katie Williams 12/12/2011 Week 2 – Assignments Discussion Question #10: What is a risk? In other words, how do you define a risk? What do you think are some of the common business risks? What approaches are there to handle business risks? Personally, speaking I define a risk as being an action you would take on the chances you will succeed but the odds are against it. Basically, in a nut shell risk is something you may do that you would not regularly do. However, the formal definition of risk is, “exposure to the chance of injury or loss; a hazard or dangerous chance” (dictionary.com, 2011). From personal knowledge and experience there are many business risks. A few that come to mind are physical risks, location risks, human risks, and technology risks . All of these risks ....
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This note was uploaded on 04/03/2012 for the course BUSINESS M MGT 498 taught by Professor Tugtekingokaydin during the Spring '12 term at University of Phoenix.

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WK 2 - DQ 10 - MGT/498 – Strategic Management University...

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