Taking Risk in Business depends on multiple factors
by ashish urkude on Nov 28, 2007 03:49 PM
There are many who are skeptic about MBBS, Bachelor of Engineering, and now MBA degree. All the MBBS cannot become surgeons. All BE cannot become Technicians, Scientists, or Rocket Technologists. Similarly, All MBA cannot become independent businessmen. Though now a day opting for these courses itself has become the biggest risk as there is no guarantee of anything in life. Hence, you can%u2019t say students pursuing MBA are not taking risk. Another factor, at every moment everyone among us take risk. E.g. While crossing a road, or drinking some roadside fruit juice you take a risk. Thus, in life every person takes a risk. While doing a job also you take risk of some minor level than employer but cumulatively employer faces the biggest risk. Further more, doing business in developing countries has become a bit easier now a day than few years ago. However, mindset of common man is taking least risk to earn lively hood has not gone. Businessmen take calculated risk as they either know how to come out of some situation or have links or have confidence in them that they will come out of any crisis in case. Another school of thought in some part of world is that Formal Education makes you slave if you put your head constantly in there. While, to become entrepreneur you need to develop certain skills which can be groomed right from early childhood by taking plunge into some kind of business. Then, there are few who balance both %u2013 formal education and business skills
