The Three Degrees of Risk

R-I-S-K: It’s amazing that so simple a four-letter word can be so complicated.

by Bruce W. Marcus
Professional Services Marketing 3.0

There are risks with dire consequences and risks with negligible consequences. There is risk in every human enterprise; in every trade or endeavor. We take risks, in varying degrees (and sometimes unwittingly) every day or our lives. There is even risk inherent in getting out of bed in the morning. But what – on any level – does risk really mean? Can risk be tamed?

Bruce W. Marcus

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There are different degrees of risk, depending upon how great the opportunity to profit if you succeed, how dangerous if the risk you take portends the possibility of failure, how much is at stake if you fail.

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