2. Business and risk

"Entrepreneurship is economic risk management" [AG 1 100] . A company, whether it supplies goods or services, is subject to risks. These can include the preservation of know-how, the retention of high-level executives or certain researchers, social risks, risks linked to contracts, the insolvency of certain customers, suppliers and subcontractors, exchange rate variability, IT system failure, cybercrime and terrorism. Industrial plants, workshops and associated activities, such as transport, storage and the movement of people, are major sources of risk.

Major...