How to Take Risks at Work

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.