📚 node [[understanding risk in corporations]]
📓 garden/KGBicheno/Economics/Understanding Risk In Corporations.md by @KGBicheno

Understanding Risk In Corporations

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Risk Management --> The structured way companies protect themselves from downside risks.

  • Upside Risks
  • Downside Risks

Upside Risk -> Opportunity for profit Downside Risk -> Potential for losses

Step 1

  • Know what's at stake
  • Proof of concept (e.g. the Wright Brothers)
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