Risk Taking
Based on your experience, respond to the following problem. Discuss.
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 meet competition head on? Are corporate executives better describing as risk-averse managers than entrepreneurs willing to take a chance?