Successful companies embrace risk-taking along with learning.


Often, these two concepts get lip service – and little else. Too many managers urge their people to try new

things and then punish them when they fail. And too many live in ‘not-invented-here’ worlds of their own



If managers want people to experiment and expand their minds, they must create a culture that welcomes

taking risks.


Leaders should freely admit their own mistakes and talk about what they learned from them.


To use a baseball analogy, show that it’s acceptable to take swings and miss! As long as you learn from



This does not mean taking major or foolish chances. A calculated risk is the way to business growth.


Strategic planning is purposeful risk-taking; you know what you are doing and where you are going.


Source: Winning, Jack Welch