Taking smart risks
Taking Smart Risks is encouraging people to take chances and make game-changing moves. It requires passion, planning, active learning, communication, and the ability to embrace and reward the inevitable small failures along the way.
People and orgs that do not take risks stagnate.
Implementation
- Find something worth fighting for
- Identify the impact
- enlist support
- Act fast, Learn Fast
- create many fast hypotheses and run frugal experiments
- fail fast
- document the learnings
- Over Communicate
- small issues can snowball quickly
- communication will definitely breakdown
- Create Smart Risk Culture
- Aim for 30% higher than comfortable goals for a quarter.
- Encourage and reward success as well as failure for taking risks.
Anti-pattern
Taking risks does not mean making errors due to a lack of effort or proper training.
❞ Referred In
Attract talent
Inspire with your passion for the cause and meaningfulness Show your personal ‘why’ Customer stories The ecosystem and what you...