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[[Risk management]] is "the continuing process to identify, analyze, evaluate, and treat loss exposures and monitor risk control and financial resources to mitigate the adverse effects of loss."<ref>[https://www.marquette.edu/riskunit/riskmanagement/whatis.shtml#:~:text=Risk%20management%20is%20the%20continuing,of%20claims%20and%20liability%20judgments WHAT IS RISK MANAGEMENT?], Marquette University</ref> It is an organized method of identifying and measuring [[risk]] and developing, selecting, and managing options for handling these risks.
[[Risk management]] is "the continuing process to identify, analyze, evaluate, and treat loss exposures and monitor risk control and financial resources to mitigate the adverse effects of loss."<ref>[https://www.marquette.edu/riskunit/riskmanagement/whatis.shtml#:~:text=Risk%20management%20is%20the%20continuing,of%20claims%20and%20liability%20judgments WHAT IS RISK MANAGEMENT?], Marquette University</ref> It is an organized method of identifying and measuring [[risk]] and developing, selecting, and managing options for handling these risks.
== Importance of taking risk in life ==
*[https://www.betterup.com/blog/how-to-take-risks Tired of playing it safe? Learn how to take risks that pay off]
*[https://www.briantracy.com/blog/personal-success/risk-taking-to-achieve-goals/ Why Risk-Taking Is Required To Achieve Your Goals], Brian Tracy International
*[https://www.linkedin.com/pulse/appetite-risk-taking-indicator-your-future-success-rajeev-mudumba/ Is Appetite For Risk Taking An Indicator Of Your Future Success?]
*[https://www.anthonyjyeung.com/fail-more/#:~:text=If%20you%20want%20to%20increase%20your%20success%20rate%2C%20double%20your,and%20powerful%20path%20to%20success. If You Want to Increase Your Success Rate, 2x Your Failure Rate]
*[https://www.morningcoach.com/blog/the-benefits-of-taking-risks The Benefits of Taking Risks], MorningCoach
*[https://www.sdstate.edu/ness-school-management-and-economicsblog/importance-taking-risks Importance of Taking Risks], South Dakota State University
=== Quote ===
"If you want to increase your success rate, double your failure rate." - Thomas J. Watson, the former CEO of IBM, who helped grow the company in its glory days.
==References==
==References==