We more commonly think of risk as a combination of the consequences (i.e., outcome) of an event (including changes in circumstances) and the associated chance of something happening (I.e., likelihood or probability).
In fact, as a noun or verb, risk can be described as:
- A situation involving exposure to danger (noun); or
- Exposing (someone or something of value) to danger, harm, or loss (verb).
In this vlog, I want to share with you some brief (and I really do mean brief) details on what is risk and the risk equation.
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