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EntreComp2016

Code: 3.3.3

Manage risk.

Descriptors

3 · Experiment

What you learn at this level

  • I can critically evaluate the risks associated with an idea that creates value, taking into account a variety of factors.

4 · Dare

What you learn at this level

  • I can critically evaluate the risks related to the formal setup of a value-creating venture in the area in which I work.

5 · Improve

What you learn at this level

  • I can demonstrate that I can make decisions by weighing up both the risks and the expected benefits of a value-creating activity.

6 · Reinforce

What you learn at this level

  • I can outline a risk management plan for guiding my (or my team's) choices while developing my value-creating activity.

7 · Expand

What you learn at this level

  • I can use strategies to reduce the risks that may arise during the value-creating process.

8 · Transform

What you learn at this level

  • I can come up with strategies to reduce the risk of my value-creating initiative becoming obsolete.