Risk Acceptance

Risk Acceptance

Risk Acceptance Jonathan Poland

Risk acceptance involves consciously deciding to take on a risk, often because the potential reward outweighs the potential negative consequences and aligns with an individual or organization’s risk tolerance. It is an important part of risk management, as it is often necessary to accept some level of risk in order to pursue opportunities and achieve goals. Risk acceptance is a common approach to managing risk, as it is impossible to achieve success without taking some level of risk. The following are a few examples:

Investing
Most investments involve some level of risk.

Insurance
The entire insurance industry is based on assuming risk for a fee.

Derivatives
Derivatives are contracts that derive their value from an underlying entity such as exchange rates. They are often used to transfer risk between businesses for a fee.

Projects
Projects are an investment that a business makes to achieve its goals such as launching new products or services. Projects involve risks such as the potential for cost overruns.

Business Equity
Any equity you own in a business is typically at risk. Such risks are accepted in return for potential profits from the business.

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Sales Operations

Sales operations is the management of the processes and practices that support the sales function of an organization. It involves…

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Sales Development

Sales development is a crucial part of the sales process that involves identifying potential buyers and developing qualified leads. This…

Process Risk Jonathan Poland

Process Risk

Process risk is the risk of financial loss or other negative consequences that may arise from the operation of a…

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Customer Convenience

Customer convenience refers to any aspect of the customer experience that makes it easier and more efficient for them. This…

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Design Thinking

Design thinking is a process that uses design principles and techniques to solve complex problems, create new ideas, and develop…

What is Knowledge? Jonathan Poland

What is Knowledge?

Knowledge is the understanding, skills, and expertise that humans acquire through experience, education, and research. It can take many forms,…

Business Capability Jonathan Poland

Business Capability

A business capability is a broad term that refers to the things that a business is able to do or…

Problem Management Jonathan Poland

Problem Management

Problem management is an important aspect of IT service management that involves identifying, analyzing, and resolving problems that can impact…

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Exit Planning

Exit planning is a comprehensive strategy for business owners to transition out of their company on their terms. It involves…

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Risk Mitigation Jonathan Poland

Risk Mitigation

Risk mitigation is the process of identifying, analyzing, and taking steps to reduce or eliminate risks to an individual or…

Data Security Jonathan Poland

Data Security

Data security is the practice of protecting data from unauthorized access, use, modification, destruction, or deletion. It is a key…

Quality Assurance Jonathan Poland

Quality Assurance

Quality assurance (QA) is the process of verifying that a product or service meets specific quality standards. This is often…

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What is Genchi Genbutsu?

Genchi Genbutsu is a Japanese term that refers to the practice of going to the source or the root of…

What is a Tagline? Jonathan Poland

What is a Tagline?

A tagline is a short, catchy phrase that is used to summarize the core message or value proposition of a…

Autonomous Technology Jonathan Poland

Autonomous Technology

Autonomous technology refers to technology that is capable of functioning independently and adapting to changing real-world conditions without human intervention.…

ResMed Jonathan Poland

ResMed

ResMed is a global medical equipment company that provides innovative solutions for the treatment of sleep-disordered breathing, including sleep apnea…

What is Jevons Effect? Jonathan Poland

What is Jevons Effect?

Jevons paradox, also known as the Jevons effect, is a phenomenon in which an increase in the efficiency of resource…

Autonomous System Jonathan Poland

Autonomous System

An autonomous system is a system that is capable of functioning independently, without the need for human intervention. Autonomous systems…