Risks for your success

Thank you for coming to my blog. This time, I'd like to focun on "RISK", literally means uncertainty or danger and metaphorically, sign for success.

When risk face to us? As written at the begininng of this section in the book, there are two stages to consider that point. First is when we are careless. We tend to be careless when we are urged to accomplish something; forget to name on your answer sheet for example, or after your accompishing something. Shackleton punished the clues, Macklin and Greenstreet, for their hasty acts. 

You can be careless, if you only need one step to acheive your goal. But you always has to be responsible if you are leader. Shackleton never lost this point. He made a decision to retrace his journey before reaching to the south pole. Never take unnesessary danger. That's a leadership.

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Then, I want to focus on the next stage of risk. 

You may agree that every decision is hounded by some risks. In a realistic manner, nothing is risk-free simply because almost everything in future is uncertain. To buy a car, you accept the risk of traffic accidents. To travel by airplane, you accept its possible delay.

In life or death situations, you could be extremely worrid about those risks, and hesitate to made decision. You could be even more so with your team members. At the same time, you should overcome those risks. As written in book, "risk aversion may not result in disaster, but neither does it create changee" (135). 

So what should we do? Make a good combination.

After you compare possible choices and decide a high-return choice, you need to take another actions which reduce its risk. When you buy a car, it needs to be insured. When you travel by airplane, you inform people you meet in there of possible delay. Everything is hounded by risks. So every time you make a decision, you have to care about what can possibly minimize those risks.

When I was assigned to be a leader, a respected senior of ICU advised me to anticipate the worst-case schenario. Why? Simply because its for preparation for the worst. What can minimize danger? What can we deal with the result after it would happen? 

Please check the following link to see how we can tackle risks in the future. This is how Johnson & Johnson had recovered its credibility after the severe health crisis of Tylenol capsule.

 http://iml.jou.ufl.edu/projects/fall02/susi/tylenol.htm

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The most risky action for you is not doing anything. Be careful (Cool Head), take high-return action, and making up for it. After all, risks are for your future success.