Posts Tagged ‘Risk taking’

Happy Labor Day: Ownership is Risk Taking

  Labor Day, the first Monday in September, is a creation of the labor movement and is dedicated to the social and economic achievements of American workers.   For some, Labor Day signifies the end to sunny summer days. For others, it constitutes a yearly national tribute to the contributions workers have made to the…

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Innovation is Creativity x Risk Taking

Innovation is impossible to achieve without taking a necessary amount of risk. In a world where the success rate of new product entries in the grocery business is 1 in 100, it is inevitable that every success sees failures along the way. An effective innovation leader should encourage creativity and risk taking, while also practicing…

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Innovation Failure is a Learning Experience

Nearly every attempt at success is met with failures along the way, and properly managing those failures can actually benefit the Innovation process. As an Innovation leader, do you celebrate failure and risk-taking in your organization? Doing so will broaden horizons and lead to more valuable ideas towards a culture of sustainable Innovation.   Innovation…

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Innovation Requires Risk Taking

“If you’ve never failed… you’ve never lived” is a popular video on YouTube describing the failures of people like Thomas Edison, once called “too stupid to learn” by his teacher and Walt Disney, who was fired from a newspaper for “lacking imagination”. Not every idea succeeds, and indeed, some of America’s most triumphant inventors, artists…

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What Is Your Risk Appetite?

Well-considered risk taking is critical, not just for the success of individual companies but also to enable a properly functioning economy. Companies that are too cautious for too long sometimes discover that they’ve made a significant mistake. To avoid swinging between excessive caution and over-exuberance, set a disciplined target for your desired investment outcomes.

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