Private and public enterprises don't use the same definition of risk. For a public body, risk is measured in political capital. how their failures and successes may influence how they are treated by governments. A private enterprise measures risk according to the likelihood of turning a profit on a venture. While there is certainly an overlap, such as SpaceX having PR/lobbiests or NASA launching commercial sats, they are two fundamentally different approaches to risk.
A dangerous situations occur when either uses the wrong model. When governments try to turn profits, they may cut something that the perhaps shouldn't (Flint). And when private enterprise spends like a government, ignores the bottom line, they are ripped apart by irate shareholders. It's apples and oranges.
A dangerous situations occur when either uses the wrong model. When governments try to turn profits, they may cut something that the perhaps shouldn't (Flint). And when private enterprise spends like a government, ignores the bottom line, they are ripped apart by irate shareholders. It's apples and oranges.