Sunday, May 20, 2012
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Risk Taking

How willing are you to take risks when doing business? If you have low uncertainty avoidance a little information and a few calculations might be enough to get your buy in. However, if your uncertainty avoidance is higher, you might need stronger evidence and research before you agree.

 

In this section you will learn how to:

  1. Identify the willingness to take risks amongst your colleagues and gauge which motivation they need to make decisions.
  2. Present information in the best way to achieve buy-in from managers and clients.
  3. Empower your British colleges or employees to take more chances.
  4. Avoid overselling your ideas and know when to say stop!

The Dimension of Risk Taking

From a general business perspective, the successful understanding of this dimension is of major importance regardless of whether you are a manager or an employee. If you have a role in any decision making process, it would be important for you to know who you can influence and how this is best done

The risk taking dimension is strongly related to time perspective, management style, and contextual communication. Hence a good understanding of these dimensions will help you understand the dimension of Risk Taking.

The dimension of Risk Taking

The opposing poles in this dimension describe cultures that either show high willingness to take risks and cultures that are more risk adverse. As all cultures take risks, this dimension is mainly about how get people to not see their choices as risks.

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