Transcript

SPEAKER 1:

Ultimately, risk is all around uncertainty. So any risk, it can be threat. It can be opportunity. But ultimately, it's a situation where you don't have full certainty of what the outcome is going to be.

SPEAKER 2:

Risk is a word that gets used a lot by a lot of people in a lot of different contexts. You hear about the risky pass in football or rugby. You hear about the risky investment that people make. For me, in a business context, risk has two key aspects to it. One- it's something that is uncertain. And secondly, it's something that could affect your objectives, the end point that you're trying to achieve.

SPEAKER 3:

In essence, we've been doing it since the very early years we were born in absolutely everything we do, whether it's asking that person out to a school disco, or whether it's getting to work on time, or trying to take a shortcut, or whatever it might be. Everything has a risk. And generally, we take risks so we can try and maximise or take advantage of some opportunity somewhere.