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calculated riskTrying anything new is risky. But it’s new ideas that catapult organizations to higher levels of growth and success. People aren’t motivated to follow leaders who are satisfied with the status quo.

Of course, your organization or its industry may typically be risk averse, and taking risks doesn’t mean you have to rebel against it. When you’re willing to take calculated risks, you can grow and expand, and you don’t let fear of failure hold you back. If you perceive failure as an opportunity to learn, then there’s nothing to fear.

Self-awareness is your guide when it comes to taking calculated risks. Observe your fear or concerns about the risk and pay attention to how you are feeling. If you don’t believe you have the right information to make the decision, take the time to get it. But if your fear is about stepping out or self-preservation, that’s more about you than it is about the success of your organization.

Risks are part of challenges and innovation. Leaders make decisions every day that involve a certain amount of risk. If you honor your values and back them up with intelligent data, calculated risks can lead to your success.

 

EXECUTIVE LEADERSHIP ACTION PLAN

What intelligent and calculated risk do you need to take to grow and succeed?

What research do you need to do first?

How can you move forward with it now?

 

“Often the difference between a successful person and a failure is not that one has better abilities or ideas, but the courage that one has to bet on one’s ideas, to take a calculated risk— and to act.”

~ Andre Malraux