Courage in the business world is a skill that comes with experience. This quality should be inherent in the head of the organization, the fate of the enterprise and the welfare of employees depend on his decisions. Taking bold action in business is a calculated risk. You can learn the “calculating courage” technique and achieve good business results.
Instructions
Step 1
Before making an important decision, define goals. Think about what will be the success of the risky operation and whether it is possible to achieve it. What will be the secondary tasks if you fail to achieve the main goal. Please note that all goals must be realistic. A successful leader must understand that it is more profitable to calculate all the risks at the very beginning of the project than to act on the basis of their impulses.
Step 2
Conduct a risk analysis: answer the questions: how important is it to achieve the main goal, whether the company will suffer if you do not act. Assess the importance of your immediate action, whether it makes sense to rush things or make more prudent and risk-free decisions. Remember, a leader doesn’t need courage to waste his potential on secondary decisions.
Step 3
Compare the possible risks and benefits. If you dare to do something bold, what is the likelihood of ruining your reputation? Is there a possibility of losing your position or team respect? Maybe the fate of employees depends on this decision, some of them can be cut or demoted. While exploring all the options, try to make compromise decisions. Sometimes it becomes easier to achieve a goal if you use more subtle methods instead of a hard approach.
Step 4
Choose the right moment to start implementing your plan. Courageous actions in business must be well thought out, but situations requiring immediate attention are not so common. Before taking action, increase your chances of success by gathering the information you need and enlisting the support of your team or senior management.
Step 5
Develop a contingency plan in case the main one fails. The more options you have, the higher your chances of winning. Be creative, luck smiles on those who have the flexibility of thinking and are ready to change tactics as needed. A courageous leader is ready for any surprises.
Step 6
Reinforce your business courage with clear, achievable goals, assess risk and reward correctly, develop a contingency plan, and choose the right moment to take action. And you can do courageous things for the good of your organization and your own career.
