emerging-risks

Vocabulary Word

Definition

'Emerging risks' are like unexpected obstacles in a race. In a business or project, they are new threats or dangers that can harm your success, like sudden rule changes or a new competitor.

Examples in Different Contexts

In the context of climate change, 'emerging risks' involve unforeseen consequences of global warming on ecosystems and human societies. An environmental scientist might note, 'Emerging risks like sudden weather pattern changes demand urgent and adaptive responses to mitigate impact.'

Practice Scenarios

Innovation

Scenario:

Introducing a new technology always has its uncertainties. We must be ready for any bumps in the road.

Response:

The emerging risks of this new tech may include unanticipated system errors, so lets prepare a backup plan.

Business

Scenario:

The geopolitical tensions can have significant influence on our investments. It's crucial we remain vigilant.

Response:

I suggest we closely monitor the emerging risks associated with currency fluctuations and political instability.