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Posts Tagged With ‘ risk ’

Risky business: Strategies to encourage employee risk-taking
April 26th, 2023

Failure is getting considerable attention in leadership and management circles these days. Articles, books, and keynote speeches preach the value of mistakes and learning from failure. The current dialogue begins once the mistake or failure occurs and addresses how to leverage it for maximum return. But the employee must take a risk before any of this is possible. risk management concept hand drawn on chalkboard Risk is defined as a ‘situation that involves exposure to danger.’ And in today’s workplace, the dangers are very real. Between the rise of AI, the return to work mandates, and... Continue Reading

Embracing Risk: What is Your Risk Appetite?
March 22nd, 2023

Leading a business involves risk. For some of us, just getting out of bed each day seems like a risk. For others, they can’t get enough of it. Being a risk taker is on the high end of the scale for entrepreneurs and visionaries. Our business culture is full of stories about famous risk-takers. Yet how we each look at risk says a lot about where we are as entrepreneurs, business people, and leaders. I come from a banking background. The basic principles of banking involve risk and reward. As your banker, I will lend you X dollars if you agree to pay me Y interest. The interest rate reflects... Continue Reading

March 22nd, 2023