4 Comments
Sep 27Liked by The Management Consultant

Risk is not the same as danger; the difference lies in whether there is a margin of safety and protective measures. For example, a rock climbing expert climbing without ropes may not necessarily be more dangerous than driving under the influence in a busy city.

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Both activities present a degree of risk, in fact most (all?) activities in life have a risk profile.

It is up to each of us to identify the ones with low downside/high upside, in alignment with our objectives.

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Sep 26Liked by The Management Consultant

Thanks for adding to my confusion hahah! Can you give us an example where you took a calculated risk and another when you were reckless? Thanks for sharing this.

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I mentioned a reckless risk in the post (forging expenses...) but others that I've seen in my career include burning bridges when you leave a company or actively irritating your boss.

Calculated risks include choosing a project with low downside and high upside, doing an extensive work experience abroad, attending conferences as a speaker, sharing ideas to improve projects/firm with your leaders, etc etc

I have lots of ideas to give more colour to this, maybe I will expand them in a new post at some point.

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