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Definition: Risk Appetite is the level of risk that an organization is prepared to accept in pursuit of its objectives, and before action is deemed necessary to reduce the risk. It represents a balance between the potential benefits of innovation and the threats that change inevitably brings. |
More on risk management: Behavioral Risk Management, Credit Risk Management, Disaster Management, Event Chain Methodology, Operational Risk Management, more on risk management... MBA Brief provides concise yet precise definitions of organizational concepts, management methods, and business models as taught in an MBA program. We keep it short and provide links to high-quality websites where you can learn more about your topic.
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