A Primer on Risk
Posted inExecutive Insights Governance, Risk, Compliance Theology and Business

A Primer on Risk

The definition of risk varies from source to source. Steinberg (2011:75) defines risk as “uncertainty surrounding a potential event. It is the possibility that something will happen—that is, an event will occur—with a negative outcome.” Lupton (2013:3) describes risk as “deviation from the norm, misfortune, and frightening events. This concept assumes human responsibility and that ‘something can be done’ to prevent misfortune.”  Stern and Fineberg (1996:214) define...
December 2, 2023Posted inExecutive Insights, Governance, Risk, Compliance, Theology and BusinessTags: , ,
Assuming Risk as a Christian Business Owner
Posted inTheology and Business

Assuming Risk as a Christian Business Owner

Risk can be defined as the exposure to chance of injury or loss.  Everyone who runs a business assumes a certain amount of risk.  In traditional economic thinking about this topic, most Americans would agree that those who assume the most risk in a business venture are also entitled to the most compensation should the venture turn out to be successful.  I personally would agree with this...
September 2, 2020Posted inTheology and BusinessTags: , ,
Scalability, Power, Control and Risk
Posted inExecutive Insights

Scalability, Power, Control and Risk

Along with his wife, Mark is co-owner of a $1.8M retail establishment that they built from the ground up by investing their own monies and getting two SBA (Small Business Administration) loans. One is a "7A" loan designed to make initial investments into the business. Of the initial $320K, after 2.5 years, Mark still has $220K of that money sitting in a bank account. Mark has a...
July 4, 2017Posted inExecutive InsightsTags: , , , ,