About Lesson
- Risk is the potential of gaining or losing something
of value
◦Financial wealth
◦Physical health or wellness
◦Social status
- Every decision we make, whether at work or in our personal lives, has some risk
Risk is the potential of gaining or losing something that has value as a result of something not going as planned
-This applies to both businesses and in personal life
Every decision we make has some risk associated with it
-As we discussed in our problem solving module, for each problem and potential solutions we examine the outcomes, which is how we identify the risks associated with a decision
Qs: Can anyone give a personal example of a risk that has been encountered?