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Chapter from: "Risk Intelligence: Learning to Manage What We Don't Know"
Published by: Harvard Business Publishing
Published in: 2006

Abstract

Our lives are fraught with risk. In the competitive and unforgiving realm of business, companies cannot afford to be too bold or too cautious. So the question becomes, how can our businesses succeed despite the risks that abound in smarter, faster, and more competitive markets? How can we determine when to be cautious and when to be bold? How can we get smarter about evaluating our personal risks? According to the author, gaps between risk learning skills could explain why so few people seem to be beating the odds in the risks they are taking. This chapter outlines a practical way to think about risk learning gaps, exposing the myths about risk and the rules of risk intelligence that explode them. This chapter is excerpted from ‘Risk Intelligence: Learning to Manage What We Don't Know.’

About

Abstract

Our lives are fraught with risk. In the competitive and unforgiving realm of business, companies cannot afford to be too bold or too cautious. So the question becomes, how can our businesses succeed despite the risks that abound in smarter, faster, and more competitive markets? How can we determine when to be cautious and when to be bold? How can we get smarter about evaluating our personal risks? According to the author, gaps between risk learning skills could explain why so few people seem to be beating the odds in the risks they are taking. This chapter outlines a practical way to think about risk learning gaps, exposing the myths about risk and the rules of risk intelligence that explode them. This chapter is excerpted from ‘Risk Intelligence: Learning to Manage What We Don't Know.’

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