Times are scary and one of the last behaviors we want to embrace right now is risk taking. But
even though others are shying away from new ventures it’s time for you to be courageous at
work. So come on managers, let’s talk about smart risks taking.
Taking risks in an uncertain economy has negative connotations. We are scared and the true feel
so safe, so why deviate from it? I feel risks taking is one of the new best management practices,
not just for leaders or managers but for all employees. Here is how to do it, number one define
what you mean by risks taking. It means different things to different people, so a sign words to it.
I define wise risks taking is understanding when how to use new and sometimes untested
behavior strategies to achieve favorable results. Write down what risk taking means to you so
you can begin to measure it. Number two, weight the risks and rewards. This can help you and
your team decide when to take a business gamble and why? It can be a simple as listing the risks
on the left side of the white border a piece of people and there rewards on the right. If choosing
to create a new product will mean detouring 50% of your people resources for the company core
strategy then the price is better out way the chances you’re taking.
Number three, share your pass successes and failures. In order to encourage others to take a risk
you need to talk about the ones you’ve taken. The good, the bad and the ugly, demonstrate how
you became comfortable with uncertainly. How you took a deep breath, rolled the dice and jump
in. Reveal how you felt when you’re risks turn in to failures and how you felt when they grew
into triumphs. One final taught, you never going to have enough information to accurately and
comfortably predict success all the time. So be nimbus when addressing business opportunities.
Act upon a balance of gut and good data, practice is going to make risks taking perfect but it will
make it more productive.
For more information go to bnet.com.
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