WK 2 - DQ 10 - MGT/ UniversityofPhoenix...

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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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