Agricultural Economics Department
Date of this Version
February 2006
Abstract
What is Risk? Risk is a possible adverse event that has the potential to interfere with a business entity’s financial stability or its ability to achieve its mission. Risk can also have a positive outcome. Srategic planning is the process of selecting the plan that will overcome the possible negative impact and convert risks into opportunities.
Comments
Published in Cornhusker Economics, 02/08/2006. Produced by the Cooperative Extension, Institute of Agriculture and Natural Resources, Department of Agricultural Economics, University of Nebraska–Lincoln.
http://www.agecon.unl.edu/Cornhuskereconomics.html