What is calculated risk-taking?
The enterprising person is opportunistic and seeks information and expertise to evaluate if it is worth pursuing the opportunity which will usually involve some risk. A calculated risk-taker has the following qualities: • Decisive, being able to act on incomplete information and good at judging when incomplete information is sufficient for action; • Self-awareness with the ability to accurately assessing their own capability; • Analytical, being good at evaluating the likely benefits against the likely costs of actions; • Goal-oriented, setting themselves challenging but attainable goals; • Effective information management using information to calculate the probability that their actions will be successful.
