Calculated risks

/Calculated risks

Bend trend lines with the power of innovation and optimism

 Bill Gates, writing on innovation and optimism in the New Statesman, claims that it seems wise to ask whether or not we can secure enough food to eat in the future. He adds that there are plenty of pessimists about food security, but believes the smart money is on optimism. He claims; Pessimists, extrapolate from [...]

Challenge your assumptions

Assumptions often become the default truth. I recall an assumption that was accepted as truth by the community in my first employment. The assumption was that the dog food factory had to generate an awful smell.  I was appointed as the production manager and one of the products under my jurisdiction was canned pet food. [...]

Be optimistic, invent, innovate, reinvent and improvise

To enable yourself and others who work with you, to take calculated risks you need to create a culture where optimism, creative imagination, invention, innovation, re-invention and improvisation are normative practices to you and those who look to you for leadership. Creating this culture starts with including it in your strategy. Everyone needs to understand [...]

When taking risks protect against the extreme downside

Not everyone is suited to take risks like an entrepreneur, but anyone can benefit from taking calculated risks. It’s worth noting though that many South Africans become situational risk takers and therefore entrepreneurs because of the high rate of unemployment and other social factors. However, Richard Branson is an entrepreneur by choice. He claims that [...]