risk-taking

Vocabulary Word

Definition

'Risk-taking' is the act of doing something that might have a negative outcome, but you still go ahead with it. Think of it as taking a chance that might lead to a big reward or a big loss.

Examples in Different Contexts

In investing, 'risk-taking' describes an investor's approach to choosing investments with higher potential returns but also higher risks. An investment analyst might advise, 'Careful risk-taking, balanced with a diversified portfolio, can lead to significant financial gains over time.'

Practice Scenarios

Business

Scenario:

As we analyze our new investment options, remember that our goal is to be a leader in the industry. Bold moves will be required.

Response:

I agree. Emphasizing risk-taking might lead to unexpected growth opportunities.

Creative

Scenario:

Our artistic direction for the upcoming collection lacks that wow-factor. How can we really disrupt expectations?

Response:

I say we go for it. This collection needs risk-taking and something unexpected to create an impact.