BA540 Managerial Economics
Skousen, M. (2013). Economic Logic. Fourth Edition. Regnery Publishing
Risk Taking â€“ 150 words
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One of the reasons Joseph Schumpeter argued that capital was doomed was because he predicted that big corporations would naturally shift away from risk-taking entrepreneurship in favor of low-risk managerial strategies. Has this happened? Have major corporations been unwilling to adapt to the times and met competition head on? Are corporate executives better described as risk-average managers than entrepreneurs willing to make a chance? Discuss.
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