"Risk-taking is essential in business, but it has to be calculated risk-taking"
- John Fredriksen
About this Quote
John Fredriksen's quote stresses the value of taking risks in company, but also the need to be conscious of the dangers being taken. Taking dangers is important for organizations to grow and prosper, but it is essential to be knowledgeable about the possible effects of those risks. Computed risk-taking involves assessing the prospective threats and benefits of a decision before doing something about it. This allows businesses to make educated choices that can assist them achieve their objectives while lessening the capacity for losses. Determined risk-taking likewise involves having a strategy in location to manage any possible losses that may occur. By taking calculated threats, services can optimize their possibilities of success while reducing their prospective losses. Ultimately, John Fredriksen's quote highlights the significance of taking risks in company, but also the requirement to be conscious of the risks being taken.
This quote is written / told by John Fredriksen somewhere between May 10, 1944 and today. He was a famous Businessman from Norway, the quote is categorized under the topic Business. The author also have 9 other quotes.
"Raising children is an incredibly hard and risky business in which no cumulative wisdom is gained: each generation repeats the mistakes the previous one made"
"Architects are pretty much high-class whores. We can turn down projects the way they can turn down some clients, but we've both got to say yes to someone if we want to stay in business"
"Discourage litigation. Persuade your neighbors to compromise whenever you can. As a peacemaker the lawyer has superior opportunity of being a good man. There will still be business enough"
