How to Manage Risk When Making a Big Decision

How to Manage Risk When Making a Big Decision

Sooner or later every leader is faced with a big decision. Acquiring a competitor, shutting down a line of business, expanding into new territory – it’s all part of leading an organization. Yet the outcome of any big decision is uncertain, which means it involves risk. How can you best manage that risk?

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The Dark Side of Empowerment

Conventional wisdom holds that managers should empower their people. That people who have the freedom to make decisions and act on their initiative are more fulfilled in their work and perform at a higher level. It makes good sense.

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