This seminal work reveals how age, education, income, industry, firm size, and other factors affect a manager's willingness to take risks.
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This work represents the results of a series of in-depth studies begun in 1972 of over 500 top-level American and Canadian managers' responses to standardized risk situations. The process is so well documented that the work is valuable for this alone. The findings on managers' risk-taking responses are presented in a clear and organized fashion; among them are: that successful managers take more risks than others, that managers of small companies are more likely than those of large firms to take risks, and that more education does not result in less risk taking. The references/bibliography section is extensive. Recommended for most academic management collections. Michael D. Kathman, St. John's Univ. Lib., Col lege ville, Minn.
Copyright 1985 Reed Business Information, Inc.
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