This reflection is comprised of two sections, collectively totaling a minimum of 500 words. Complete your reflection by responding to all prompts.
Systematic and Unsystematic Risk
You are the chief risk officer for a company, and you’ve been tasked with identifying the areas where your company is exposed to systematic and unsystematic risks. Based on the information you learned about this concept, what approach would you take in explaining how systematic and unsystematic risks affect risk planning?
Describe your approach. Name 3 or more systematic or unsystematic risks your company might face. Think of some implications if your company decides not to be proactive and plan for these risks.
You are a business consultant who works with new business owners. A new client wants to start a bakery and seeks your advice. Based on what you’ve learned from the readings, discuss the advantages and disadvantages of using venture capital as startup funding for a business.
Describe what approach you would recommend for the client by using the information you researched.
- How does your approach differ from the recommendations of your classmates?
- How might your recommendations change after reading your classmates recommendations?