Perhaps you’d say risk is the chance or danger that something is going to happen to cause you to lose something or fail to achieve some goal?
WIkipedia defines Risk as the potential of gaining or losing something of value. But did you know there are two types of Risk—the risks you take and the risks you face? With the former you have...Read More
Being a good leader requires more than just knowing the right way to do things. It also requires knowing how to choose the right things to do. Decision-making is undoubtedly the most difficult and essential task a manager performs. Effective decision making makes it possible for organizations to succeed by aligning resources with objectives....Read More
The increasingly interconnected world no longer supports the belief that decision-making is best left in the hands of an enlightened elite. Sharing relevant enterprise-information across projects and/or departments engages workers and can improve performance. Leveraging available social media develops more robust channels of internal...Read More
What is the difference between investing and gambling? The short answer is that in the long run, gambling will result in a loss, but investing will result in a gain. But how do you know which is which? In order to tell, you need to know something about the probability distribution. Following along the arguments presented in the book, The...Read More