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The break-even point is one of the simplest, yet least-used analytical tools. Identifying a break-even point helps provide a dynamic view of the relationships between sales, costs, and profits. For example, expressing break-even sales as a percentage of actual sales can help managers understand when to expect to break even (by linking the ...
That is, it is the risk of the actual return being below the expected return, or the uncertainty about the magnitude of that difference. [1] [2] Risk measures typically quantify the downside risk, whereas the standard deviation (an example of a deviation risk measure) measures both the upside and downside risk
An internal entrepreneur is known as an intrapreneur (makes part of intrapreneurship) and is defined as "a person within a large corporation who takes direct responsibility for turning an idea into a profitable finished product through assertive risk-taking and innovation". [1]
Risk analysis is the process of identifying and assessing risks that may jeopardize an organization's success. It typically fits into a larger risk management framework. Diligent risk analysis helps construct preventive measures to reduce the probability of incidents from occurring, as well as counter-measures to address incidents as they ...
Entrepreneurial orientation has become one of the most established and researched constructs in the entrepreneurship literature. [ 2 ] [ 3 ] [ 4 ] A general commonality among past conceptualizations of EO is the inclusion of innovativeness , proactiveness , and risk-taking as core defining aspects or dimensions of the orientation.
An entrepreneur (French: [ɑ̃tʁəpʁənœʁ]) is an individual who creates and/or invests in one or more businesses, bearing most of the risks and enjoying most of the rewards. [1] The process of setting up a business is known as "entrepreneurship".
The Arrow–Pratt measure of relative risk aversion (RRA) or coefficient of relative risk aversion is defined as [11] = = ″ ′ (). Unlike ARA whose units are in $ −1, RRA is a dimensionless quantity, which allows it to be applied universally.
Other definitions of entrepreneurial leadership have also emerged: An entrepreneurial leader will proactively identify opportunities to gain advantage through creativity, innovation and market understanding and then hold themselves responsible for delivering what customers need via the effective management of risk to optimise outcomes for both the organization and the customer.