Use the table below to select TRUE or FALSE for each statement and explain the reasons for your choice: True or False Why? Teams should be encouraged to take risks, but make clear the serious consequences of failure Risk-taking should be minimised as it unsettles employees and causes stress Creating a risk-taking culture requires a mindset change Don't confuse risk taking with rash behaviour In a fast-changing world, risk-taking will future-proof the organisation The Concept of 'Risk The term 'risk' is used in a number of ways, depending on the context, and is often confused and used interchangeably with other related, terms. Define and provide examples for each of the following, making clear the differences between each concept: Risk Issue Hazard Uncertainty Leadership and Risk "We need to create a safe environment for risk-taking; this means not punishing people who take smart acceptable risks and fail but supporting them, helping them learn from their mistakes and then encouraging them to try again. These are the kinds of mistake we should tolerate, the ones that look to move us forward." What, in your own words, is meant by this? Do you agree? What do you think is meant by 'smart acceptable risks'? How might an organisation 'create a safe environment for risk taking'? How does your organisation create a safe environment? Is there more that could be done? How might an organisation 'create a safe environment for risk taking'? How does your organisation create a safe environment? Is there more that could be done? Review How would you start a conversation with Senior Managers to persuade them that organisations need to take risks if they are to survive and progress? Use the table below to select TRUE or FALSE for each statement and explain the reasons for your choice: True or False Why? Teams should be encouraged to take risks, but make clear the serious consequences of failure Risk-taking should be minimised as it unsettles employees and causes stress Creating a risk-taking culture requires a mindset change Don't confuse risk taking with rash behaviour In a fast-changing world, risk-taking will future-proof the organisation The Concept of 'Risk The term 'risk' is used in a number of ways, depending on the context, and is often confused and used interchangeably with other related, terms. Define and provide examples for each of the following, making clear the differences between each concept: Risk Issue Hazard Uncertainty Leadership and Risk "We need to create a safe environment for risk-taking; this means not punishing people who take smart acceptable risks and fail but supporting them, helping them learn from their mistakes and then encouraging them to try again. These are the kinds of mistake we should tolerate, the ones that look to move us forward." What, in your own words, is meant by this? Do you agree? What do you think is meant by 'smart acceptable risks'? How might an organisation 'create a safe environment for risk taking'? How does your organisation create a safe environment? Is there more that could be done? How might an organisation 'create a safe environment for risk taking'? How does your organisation create a safe environment? Is there more that could be done? Review How would you start a conversation with Senior Managers to persuade them that organisations need to take risks if they are to survive and progress