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Baseball: Baseball players often take calculated risks, like stealing a base or swinging at a risky pitch, with the hope that it will pay off. The best players assess the odds, timing, and situation before making these decisions.
Business: In business, taking calculated risks is essential for growth. Whether it’s entering a new market, launching a new product, or investing in innovation, successful companies know how to assess risk, make informed decisions, and weigh potential rewards against possible downsides. Taking risks is necessary to expand and create opportunities, but it must be done with careful analysis and foresight.
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