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While the general view of risk is that it is bad, a business that proactively identifies risk can manage it. Risk often drives innovation. There
While the general view of risk is that it is bad, a business that proactively identifies risk can manage it. Risk often drives innovation. There is a trade-off between risk and return. A company that takes on significant risk may have a competitive advantage over a company that avoids that risk. Think of modern-day innovators and discuss with a specific example of a company the risk -> innovation -> return. Each student must choose a different company for discussion.
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