How do you know when to take strategic risks?

Important to know:
The course video is English with Romanian subtitles and test questions are in Romanian.

Overview

Taking risks can revolutionize a business, but you need to know when and how to take a strategic risk when the opportunity arises. Risk management means effectively assessing a threat by recognizing the likelihood that that risk will materialize and assessing the impact of the risk, if any. In this course, you will learn how to define strategic risk-taking, what makes people reserved, and how to take risks.

 

Objectives

• Identify the types of business risks

• Recognize examples of strategies to deal with risk aversion

• Identify the reasons why risk-taking is necessary

• Identify the stages of developing a risk management plan

• Recognize good practices to encourage strategic risk-taking in an organization

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Enrolled: 15 students
Video: 00:22:28
Level: Introductory

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