About Taking Risk

Putting speed and innovation ahead of tried-and-tested business practices often makes leaders cautious. However, in a fast-changing world, the only strategy that is guaranteed to fail is not taking risks.

For a start-up, the risks can be even greater but innovation is impossible w...

Identifying as many risks as possible often leads to not being able to manage it all properly.

• First, identify the risks with the largest potential loss or financial impact. Then collect smaller risks together that can be managed as a group. Smaller risks have minor financial co...

Astronauts are generally not risk-takers. They take calculated risks for something that they think is worthwhile.

As a startup founder, you may feel obliged to risk it all. But, you want to take calculated risks, not some blind, shot-in-the-dark. By implementing a ...