applied know how
As a new General Manager, you’ll have to start making decisions, and its good to have some background on Decision Theory. So here’s some basics on how to think about decisions, and how to assess what sort of risk taker you are.
Risk aversion
OK, imagine the following, you are offered a strategy that will give you a 50/50 chance of earning $1,000 profit.… Read more
Life is risk. Business is risk.
A successful life and business is calmly considering the risks you may encounter in your life and business.
For a new General Manager, the fear of the potential for failure often outweighs the benefits of taking well considered risks.
And as a risk taker myself, I can see that a more measured approach to assessing risk in your business life is worthwhile.… Read more