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Taking
risks means different things to different people. We take
risks all the time. Taking a risk originally meant risking
your health. People who climbed mountains or drove fast took
risks. This concept was then applied to people taking risks
with money - investors and gamblers.
Taking
risks entails excitement and adventure. Embracing risk is
seen as the way to create wealth in a modern economy. "Risk"
can now apply to almost anything, including risk of prosecution
or failure.
The Health and Safety Executive define risk as the "likelihood
of the hazard's potential being realised". A hazard is something
with potential to cause harm.
Check out:
http://www.hazards.org
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Almost
anything can be a hazard, which may or may not become a risk.
Risk is a measure of the potential for release of that inherent
harm.
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'Risk in a Runaway World'
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Risk is the converse
of safety. Safety is freedom from risk Yet everything we do has an element of
risk. Risk crops up everywhere. There is the risk of being killed on the roads,
the risk of loosing your job, the risk of getting a disease from work or the risk
of loosing investments. Can we measure these risks?
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