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Risk Management

Risk Management

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Published by Ahsan

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Categories:Types, Business/Law
Published by: Ahsan on Oct 21, 2011
Copyright:Attribution Non-commercial

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10/06/2013

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Risk ManagementRisk Management
ByByDr Safdar A ButtDr Safdar A Butt
 
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What is Risk?What is Risk?
Risk arises from uncertainty; but allRisk arises from uncertainty; but alluncertainties do not carry risk.uncertainties do not carry risk.
Possibility of an unfavorable outcomePossibility of an unfavorable outcomeof an uncertainty is risk.of an uncertainty is risk.
Outcome of an uncertainty may evenOutcome of an uncertainty may evenbe favorable. Is that a risk? In certainbe favorable. Is that a risk? In certaincases, yes.cases, yes.
 
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Why take risks?Why take risks?
Because you have to.Because you have to.
Because it brings rewards.Because it brings rewards.
Risk AversionRisk Aversion

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