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Risk in regards to the 'uncertainty' about future gains

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1) Define risk in regards to the 'uncertainty' about future gains?

2) Do you think there is a difference between managing and minimizing risk? Why?

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Risk in regards to the 'uncertainty' about future gains is discussed in the solution.

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Risks with regards to uncertainty about future gains can be defined as risks pertaining to over/under allocation of resources such as financial resources (capital investments), human resources(hiring of employees), risks with respect to strategic and marketing plans, etc. Since future is uncertain, companies run through huge ...

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Sandeep Bardia, MBA
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  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
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