Business Strategy: Fostering a Culture of Risk Taking

Whether you’re publicly challenging long-held beliefs or experimenting with a new idea, it’s normal to experience fear or discomfort. You can reduce these emotions by creating a workplace that openly promotes change, welcomes honest and productive discussions, sees failure as a necessary part of business success, and rewards and supports risk taking on a daily basis. It may seem ironic, but when you instill a continuous learning culture and growth mindset in your organization, failure can actually lead to success.

Learning objectives:

• Identify methods to challenge the status quo
• Identify reasons for bias towards encouraging smart failure and suggest solutions
• Enlist ways of encouraging learn from failure culture