Risk in MotoGp

                   What is risk ? Risk is a potential for uncontrolled loss of something of value. Risk is in everything we do in our daily life's. But when it comes to profession, every profession got their own risks and it can be high or low. Motogp is also very well known sport and profession in the world. It is popular as its risk level is also very high compare to other professions. Drivers risking their life's to win the race, sometimes its succesful and sometimes it causes bad consequences to them.

                    First of all, there are so many types of risk. Risk in motogp can be clasified as pure risk and speculative risk. Pure risk is there is no prospects of gain and only loss, meanwhile speculative risk is a category of risk that can be taken on voluntarily and will either result in a profit or loss. 
pure risk in Motogp racing is crash risk and death risk. While, speculative risk in Motogp racing is reputational risk, brand risk and investment risk.

                    Pure risk in Motogp racing can cause crash or death for person. Crash risk is a risk related to road accident and death risk is risk of dying that can be caused by several reasons. Crashes and deaths in motogp racing occurs because of the condition of the road, overspeeding,and wheather. Road conditions such as slippery road can cause a bike unstable and the driver to fall. Overspeeding will cause crash because its when the bike exceeds speed limit, drivers will unable to control their vehicle during sharp turns will cause them fall or hit the barriers. This may cause death to ther driver. For example, MotoGP driver Luis Salom was travelling about 170 KM/PH, loses control at sharp turn, caused him to fell off, and his bike headed towards the air fence ended up with huge crash. At the end, he died while rushing to the hospital. This loss occurs because of he's overspeeding on the track.
                  
                   Speculative risk in motogp racing can cause reputational risk, brand risk and investment risk. If a accident occurs, first loss company will face is investment risk. This is because the investment includes the cost they invest in the tournament and bike will loss. So it will leads to a racing team loss their initial investment. Moreover, a accident could give negative perception on the brand of the bike which is involved in crash. Eventhough, it's not the brand's bike fault, general people assume that the incident happens because of the bike's fault. So the racing team brand will face many negative consequences in upcoming racing's. When the brand gains a negative perception, automatically it will affect the racing team's reputation. Bad reputation will affect the company future such as they will lose their future investors. For example, The SAG team faces these kind of problems after their driver Luis Salom died in an accident. So if a crash or death occurs, it will affect the team's brand, investment and also reputation.

               

  In short, these kind of risks will negative consequences to the driver and also the team. Because some reaons these kind of incidents are still happening. These incidents can be controlled by proper risk management.