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Financial crises Essay Topics & Paper Examples

Financial crises

It is difficult to deny the fact at times of financial crises more and more people have no other choice but to become entrepreneurs (Spors & Flanderz, 2009). Due to the growing unemployment, more and more people simply cannot but use entrepreneurship as the source of wellbeing. The success of such business initiatives depends on how well new entrepreneurs are able to evaluate their operational risks. Moreover, given that operational risks are being formed at all levels of organizational performance, entrepreneurs should be extremely cautious and attentive toward such risks, and develop effective monitoring systems that would work to identify operational risks as soon as they are created. It should be noted, that for a business to be successful it…