The battle between Pro- and Anti-: The emphasis is on Risk
Being averse to risks is definitely a trait for conservative minds but at times, even the most permissive psyche gives into it, confusing people all the more regarding whether risk-taking is another form of heresy. What they don’t understand is there’s a difference between flooring the gas pedal with eyes shut and pressing it within a controllable limit. The latter is taking a calculated risk; there’s no point banging into a boulder to make wonderful wrecks.
In business & management duality is confusing
Employers, usually, bar employees from taking risks; yet, they encourage them to face challenges upfront. This duality is confusing; what employers mean by facing challenges is overburdening, which is sure to backfire at some point of time. That’s simply because the fun part stays totally absent from it; unless there’s present something to stimulate the innovative mind, challenges transform to fruitless procedures.
Besides, an employer cannot keep an eye on what goes behind is back; so how about equipping your employers well so that they can assess and decide on the risks to take and the ones to steer clear out from? In the long run, this might change the whole scenario and image of the company, dragging in fresh, innovative minds, to whom, R&D is a way of life.
Stay ahead when you take calculated risks
Knowing the risks to undertake is perhaps the best way for maintaining a competitive edge, the advantages of which are manifold. Being in business is all about applying new thought processes and innovation. Therefore, cutting off risk-taking – called risk-aversion; a much-practiced trend at the workplaces – is definitely following the tried and tested paths and ensuring safety to the max. At the same time, too much of it is killing the possibilities for further advancements and sharing the same fate as of the ancient dinosaurs. Now, let’s see why employees are averse to risk-taking.
Rewards come to entrepreneur that take calculated risks
Reasons for aversion
The first is definitely job security; no doubt it motivates the most and negative consequences trigger loss of pay, job or both. It applies to the managers and supervisors as well; in this case, it’s FEAR that stays prevalent.
Fear or the false evidence appearing real
So the trend goes: Business owner afraid to take risks, which is employing like-minded people that are easy to control and caution is institutionalized. That courage may as well be under level-headedness is completely overlooked; what is not understood that negative consequences like failures and mistakes are what that paved the ways for many a new things the world enjoys today.
“Fail” more often to discover what works for you
Building ways for employees and helping them overcoming the fears as well as obstacles are therefore important to build a risk-taking culture, which is possible through making exploring new ideas and running simulations under someone learned and experienced to shine the green light.
Don’t kill the collective spirit by playing smaller games and risk avoiding
Discussing opposing viewpoints are a good way to establish the trend and there should be enough spirit to accept defeat and carrying on without cutting down on reward and recognition; in fact, it should be included into the quarterly or annual performance reviews to enhance positivism on the concept of taking a well-thought chance.