Cultivating a Healthy Appetite for Risk

Cultivating a Healthy Appetite for Risk

How to create a risk-friendly culture.

Publisher: Harvard Management Update, février 2008

Date of publication: 2008

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Summary

Fundamental innovation and strategic renewal cannot happen without taking some risks. Encouraging risk-taking is thus essential to avoid organizational paralysis. This article underlines the central role of managers in this respect, specifically to instill a context in which individuals feel free to express their ideas, but also to help their subordinates learn from failures that may occur.

Synopsis

This article is one of the sources used in Manageris’ synopses: