Why do thousands of youngsters dream of doing MBA from reputed institutions? Slogging it out for months and burning the candle at both ends, these aspirants dream of big business successes. Doing MBA from a reputed institute is the first step towards that big dream. There, one learns all the essential fundamentals required to succeed in the hustle-bustle of corporate life. However, business success majorly depends upon people’s ability of taking risk. In other words, business success is a sum total of all the calculated risks taken by management people.
In times like these, when world economy is going through severe crisis, risk taking factor is even more crucial. When a management graduate aspires of becoming someone like Henry Ford or Steve Jobs or Bill Gates, he has to take unprecedented decisions which can greatly influence the outcome of his business endeavors.
This is a world of entrepreneurs as is evident by choices of several passed out candidates from colleges’ world over. When one dreams of being a successful entrepreneur, he has to take several decisions which can make or mar his business enterprise. In that case, risk taking is all about grabbing opportunities in a fast changing economic scenario. Even a recent study conducted emphasizes the same point. When an entrepreneur starts his own venture, he also becomes accountable to accompanying risks like reputation, finances, family, stability etc. ability to quick, rational decision under difficult situations largely decides success of an entrepreneur. According to the above mentioned study, most of the risk taking decisions proves to be of advantage when combined with enhanced flexible problem solving.
In times like these, when world economy is going through severe crisis, risk taking factor is even more crucial. When a management graduate aspires of becoming someone like Henry Ford or Steve Jobs or Bill Gates, he has to take unprecedented decisions which can greatly influence the outcome of his business endeavors.
This is a world of entrepreneurs as is evident by choices of several passed out candidates from colleges’ world over. When one dreams of being a successful entrepreneur, he has to take several decisions which can make or mar his business enterprise. In that case, risk taking is all about grabbing opportunities in a fast changing economic scenario. Even a recent study conducted emphasizes the same point. When an entrepreneur starts his own venture, he also becomes accountable to accompanying risks like reputation, finances, family, stability etc. ability to quick, rational decision under difficult situations largely decides success of an entrepreneur. According to the above mentioned study, most of the risk taking decisions proves to be of advantage when combined with enhanced flexible problem solving.
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