What is a risk?


What is a risk?

A risk is the chance that an event with a negative effect on achieving organizational goals will occur. Every company faces a multitude of risks that affect different parts of the organization.

Events can bring negative or positive effects, or a combination of both. Events with a negative effect are thus called risks. These risks can prevent value creation or can lead to the diminishment of existing value.

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Also read Successful entrepreneurship can be learned.

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