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Why Risk is Necessary for Business Growth


Why Risk is Necessary for Business Growth
Why Risk is Necessary for Business Growth

Learn about risk and why it can be necessary for the growth of a business.


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Course Description

Peter Diamondis of the X Prize foundation tells the story of his path to entrepreneurship, the skills required to make a successful business and the importance of following your passion in life. In this free online business course we get to hear him discuss where the idea came from to create the X Prize foundation, the risks he took to make it a success and why it remains a success today. He discusses X Prize's core values and beliefs, the hardships crossed in financing the business and the lessons learned in each risk taken to grow the business. This free online course will be of interest to business and marketing professionals, and budding entrepreneurs looking for expert help and guidance to get them on the road to building their own company, and how taking a risk is sometimes necessary for a business to grow. If you want a big idea to take off, this is recommended learning!

Certification

To qualify for your official ALISON Diploma, Certificate or PDF you must study and complete all modules and score 80% or more in each of the course assessments. A link to your Diploma certificate will then appear under the My Certificates heading of your My Account page.

Learning Outcomes

Learning outcomes: - The core beliefs in entrepreneurship; - Critical rule of a sales and its execution; - Understand how X Prize was conceived and how it works today; - An overview of the critical values you need to succeed in business.


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Module Title
Module 1: Understanding Why Risk is Necessary for Business Growth
Module 2: Understanding Risk Assessment

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Course Rating (By Learners): 4 stars based on 10 reviews
Course Title: Why Risk is Necessary for Business Growth
Course #: 444
Course Publisher: Stanford
Course Category: 9
Content Origin:
Course Description: Peter Diamondis of the X Prize foundation tells the story of his path to entrepreneurship, the skills required to make a successful business and the importance of following your passion in life. In this free online business course we get to hear him discuss where the idea came from to create the X Prize foundation, the risks he took to make it a success and why it remains a success today. He discusses X Prize's core values and beliefs, the hardships crossed in financing the business and the lessons learned in each risk taken to grow the business. This free online course will be of interest to business and marketing professionals, and budding entrepreneurs looking for expert help and guidance to get them on the road to building their own company, and how taking a risk is sometimes necessary for a business to grow. If you want a big idea to take off, this is recommended learning!
License: This course is available from Stanford OpenCourseWare through the following Creative Commons licence:
Creative Commons License
Release Date: 07 November 2012
Content  
Course Duration (Avg Learner): 1-2 Hours
Video/Audio: High
Audio Only: High
Animation: None
Assessments: Yes
Education Level
Age appropriateness: 16+ Years
Minimum Grade/Class Level:
Validation: Level 5
ALISON Testing: Yes
Certification Availability
PDF Download: Yes
Parchment: Yes
Framed Certification: Yes

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  • Ibrahim Adebayo
    Ibrahim Adebayo Nigeria This Course certainly teaches you how to invest and why risk is a necessity in business. 2015-03-30 23:03:57
  • Francis Stambuli
    Francis Stambuli Malawi It is a very helpful course. It is helping me everyday never to give up on anything am doing at work or even at home I have to see things out at all cost 2015-01-05 06:01:14
  • Christopher Patiño
    Christopher Patiño United States of America Did it Twice, Thanks :) 2014-12-12 00:12:52
  • Anthony Woyongo
    Anthony Woyongo Ghana it is good course those of us who want to start our own businesses.risk is a need in life and we can't do anything without risk.i learn a lot with this course. 2014-09-16 05:09:38
  • Bruce Nowlin
    Bruce Nowlin United States of America If a person is not taking risks in order to grow their business or any business then they are not truly growing. 2014-08-28 01:08:52
  • Bolarinwa Abisagbo
    Bolarinwa Abisagbo Nigeria Course Module: Module 1: Understanding Why Risk is Necessary for Business GrowthCourse Topic: Risk is a Necessity for Exploration and GrowthComment: grt topic 2013-05-09 09:05:52
  • Samuel Emmanuel
    Samuel Emmanuel Philippines am really impreessed 2013-02-25 05:02:32
  • Silvester Mtetesha
    Silvester Mtetesha Zambia Course Module: Module 1: Understanding Why Risk is Necessary for Business Growth
    Course Topic: The ROI of Prize Incentives
    Comment: Return on investment, very very important practice, as this will provide a margin in terms of profits and determin the pricing in short it will help not to price oneself out of business. 2012-12-30 14:12:21
  • Silvester Mtetesha
    Silvester Mtetesha Zambia Course Module: Module 1: Understanding Why Risk is Necessary for Business Growth
    Course Topic: Risk is a Necessity for Exploration and Growth
    Comment: Every risk taken in business, requires a huge backup in order to fight or overcome the risks. 2012-12-30 14:12:07
  • Silvester Mtetesha
    Silvester Mtetesha Zambia Course Module: Module 1: Understanding Why Risk is Necessary for Business Growth
    Course Topic: Risk is a Necessity for Exploration and Growth
    Comment: Every risk taken in business, requires a huge backup in order to fight or overcome the risks. 2012-12-30 14:12:04
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