Managerial Economics, business and finance homework help

BA540 Managerial EconomicsSkousen, M. (2013). Economic Logic. FourthEdition. Regnery PublishingISBN 9781621572220Risk Taking – 150 wordsQuestionOne of the reasons Joseph Schumpeter argued that capital wasdoomed was because he predicted that big corporations would naturally shiftaway from risk-taking entrepreneurship in favor of low-risk managerial strategies. Has this happened? Have major corporations beenunwilling to adapt to the times and met competition head on? Are corporateexecutives better described as risk-average managers than entrepreneurs willingto make a chance? Discuss.