Eliminations Of Entrepreneurial Risk Essay Example | Topics and Well Written Essays - 1500 words

Eliminations Of Entrepreneurial Risk - Essay Example Enterprises and entrepreneurs minimize the risk of their operation by managing diverse portfolios of investments and assets. However, risk mitigation may, in turn, decrease the chances of a bigger reward. The risk is what separates a salaried job from a business venture. Businesses flourish in short periods of time because they undertake risk and uncertainty that turns out in their favor. The risk is not the same as gambling. It infects much more complex. Risk calculation involves global assessment of economic and financial indicators. These indicators are run through financial models to predict the possibility of a favorable outcome. The will to take risk is dependent upon certain psychological factors. The prospect theory presented in 1979 by Kahneman explains what kind of individuals or entrepreneurs would show risk-seeking behavior and on what grounds. The theory talks about a reference point which is essentially a mark that defines the cases under which an entrepreneur would fee l like winning and losing (The Open University 2012). This behavior defines whether an individual will show risk-averse or risk-seeking behavior. How an entrepreneur defines lose and profit defines his/her behavior. In the graphical representation of the theory, the portion of the curve above the reference point shows risk-averse behavior while the portion below the curve shows risk-seeking behavior. This essentially means that entrepreneurs show risk-seeking behavior in the domain of loss that is when they expect more. More expectation leads to a higher reference point. Entrepreneurs generally set higher reference points than other people. A higher reference point over a particular distribution of outcomes suggests more potential outcomes of loss and according to the prospect theory, people under the domain of loss tend to show risk-seeking behavior.

School Organizational Health Assignment Example | Topics and Well Written Essays - 500 words

School Organizational Health - Assignment Example Curriculum, as Freiberg says, are academic standards that are adhered to by the teachers, this ensures that they meet their target at the end of the term. The Leader teacher must concentrate on this area in order to see that their institutions move to greater heights in the education graph, hence increasing the number of students joining in the institution. For example, a good institution will always have more students enrolling every year (Freiberg, 1999). The task is what we engage in our day to day activities to win our daily bread, the Leader teacher influences this difficult duty by ensuring that everything that is needed for the job is in position at the right moment, teachers are motivated to carry out their duty well and in time. For example, a head teacher who ensures that learning materials are in place at the right time and teachers are in class in time, his/her institution has a greater chance to improve amicably (Freiberg, 1999). Freiberg has put across that good relationship at work matters a lot in every organization set up, this is how people relate to an organization which is a key factor for the organization to succeed. The good relationship at work creates an excellent working environment. As a leader one should enhance good relationship at work in order to achieve the set objectives. For example, an institution with the bad teacher to student relationship always fails at the end (Freiberg, 1999). Every person has a gift that should be proud of. These are gifts that need to be natured otherwise one may never realize them at all. A teacher has a mandate to encourage the students to diversify their talents by buying the equipment needed by the institution and involve themselves in co-curriculum activities such as footballs, netballs etc. For example, students cannot appreciate the facility if their talents are not enhanced at all (Freiberg, 1999).