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Assessing risk and return is an unavoidable practice in the workplace; indeed, in every part of life. From corporate executives to fathers and mothers, it is hard to imagine any leader making any decision without first determining the potential consequences.
Almost every decision has some measure of risk and return. The objective is to minimize the former, and maximize the latter. As with most things, some are better at this than others. These tend to be the most successful in their field.
Risk management has become an industry unto itself – primarily aimed at the business and government sectors. However, people take risks everyday in every area of life; and it would be helpful for every leader, in every sphere, to regularly consider the risks of their decisions on their spheres of influence.
In one way or another, we will be held accountable for the risk we introduce into the lives of others.
The Workplace Leader, who is also a follower of Jesus Christ, has an advantage in this area – if they are willing to pursue it. That advantage is the word and wisdom of God. Read the rest of this entry »