What's wrong with Risk?



After a winter break, we're back with a few new thoughts and ideas, beginning with this quite short one. And the simple answer to the question is - nothing really. In fact, risk is neither inherently good nor bad; it is what it is and it provides both positive and negative challenges.

Risk is essentially the possibility of danger or a bad outcome and, in terms of probability, the chances of a deviation from an anticipated course. It is of course possible to eliminate risk more or less completely, for example by doing nothing or buying insurance. The first is hardly feasible if we want to achieve anything (and may not be the safest option) and the second is costly, even if it also is feasible.

Therefore, if we accept this situation, it then becomes a question of how we address it. A good starting point is to define as carefully as possible the nature of the risks involved in a particular action. A little early enquiry can save a lot of trouble later.








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