{"id":4618,"date":"2022-02-04T06:00:46","date_gmt":"2022-02-04T00:30:46","guid":{"rendered":"https:\/\/55nda.com\/blogs\/anil-khosla\/?p=4618"},"modified":"2024-12-27T16:26:07","modified_gmt":"2024-12-27T10:56:07","slug":"leadership-willingness-to-take-calculated-risk","status":"publish","type":"post","link":"https:\/\/55nda.com\/blogs\/anil-khosla\/2022\/02\/04\/leadership-willingness-to-take-calculated-risk\/","title":{"rendered":"234: LEADERSHIP: WILLINGNESS TO TAKE CALCULATED RISK"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-4622 aligncenter\" src=\"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-content\/uploads\/2022\/02\/tkan-medium-com-300x162.jpg\" alt=\"\" width=\"300\" height=\"162\" srcset=\"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-content\/uploads\/2022\/02\/tkan-medium-com-300x162.jpg 300w, https:\/\/55nda.com\/blogs\/anil-khosla\/wp-content\/uploads\/2022\/02\/tkan-medium-com.jpg 305w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 8pt;\">Pic Courtesy: tkan.medium.com<\/span><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #800080;\">Only those who will risk going too far can possibly find out how far one can go.<\/span><\/p>\n<p style=\"text-align: right;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #800080;\">\u2013 T. S. Eliot<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #000080;\">Four Most important leadership qualities required in a senior military leader are:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #800000;\">Foresight and Vision.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul style=\"text-align: justify;\">\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #800000;\">Decision Making Ability.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul style=\"text-align: justify;\">\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #800000;\">Willingness to take Calculated Risks.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul style=\"text-align: justify;\">\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #800000;\">Broad shoulders to accept failure (No zero error syndrome).<\/span><\/li>\n<\/ul>\n<p><!--more--><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #ff0000;\"><strong><u>Risk<\/u><\/strong>. Risk is defined as \u201ceffect of uncertainty on objectives\u201d. It means uncertainty about the effects \/ implications of an activity with respect to something that is valued. In simple terms, risk is the possibility of success or something bad happening.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #000080;\">There is a difference between &#8220;risks&#8221; and \u201ccalculated risks\u201d.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-4623 aligncenter\" src=\"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-content\/uploads\/2022\/02\/writingexplained-org-300x86.png\" alt=\"\" width=\"300\" height=\"86\" srcset=\"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-content\/uploads\/2022\/02\/writingexplained-org-300x86.png 300w, https:\/\/55nda.com\/blogs\/anil-khosla\/wp-content\/uploads\/2022\/02\/writingexplained-org.png 400w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 8pt;\">Pic Courtesy: writingexplained.org<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #008000;\"><strong><u>Calculated Risk<\/u><\/strong>. Calculated Risk is an undertaking, whose chance of failure has been previously estimated, yet one considers that it is worth taking a chance because the result, if it is successful, would be very good.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #993366;\">Calculated risk appraises how realistic an idea truly is, and shoves aside the emotional partiality we often feel when embracing new opportunities. Calculated risk demands:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #993300;\">Believing in oneself.<\/span><\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #993300;\">Carefully assessing opportunities.<\/span><\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #993300;\">Applying pragmatic principles.<\/span><\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #993300;\">Identifying impediments.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #008000;\">Calculated risk taking necessitates <strong><em>accepting the possibility of failure.<\/em><\/strong><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-4620 aligncenter\" src=\"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-content\/uploads\/2022\/02\/idlehearts-com.jpg\" alt=\"\" width=\"225\" height=\"225\" srcset=\"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-content\/uploads\/2022\/02\/idlehearts-com.jpg 225w, https:\/\/55nda.com\/blogs\/anil-khosla\/wp-content\/uploads\/2022\/02\/idlehearts-com-150x150.jpg 150w, https:\/\/55nda.com\/blogs\/anil-khosla\/wp-content\/uploads\/2022\/02\/idlehearts-com-100x100.jpg 100w\" sizes=\"auto, (max-width: 225px) 100vw, 225px\" \/><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 8pt;\">Pic Courtesy: idlehearts.com<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #333399;\">Calculated risk <strong><em>isn\u2019t gambling or rolling the dice.<\/em><\/strong> Gambling requires putting your faith in something completely outside your control. Calculated risk takers evaluate the cost of taking on the challenge, then forge ahead knowing there\u2019s no attestation for success.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #993300;\">Calculated risk <strong><em>isn\u2019t the same as being reckless<\/em><\/strong>. Calculated implies one has examined the exposure and accepted the potential liability predicated on ones tolerance for absorbing any losses.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #993366;\">If you are not willing to risk the unusual, you will have to settle for the ordinary.<\/span><\/p>\n<p style=\"text-align: right;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #993366;\">\u2013 Jim Rohn<\/span><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #993300;\"><em><strong><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt;\">Calculated risk taking is important:<\/span><\/strong><\/em><\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt;\"><strong>T<span style=\"color: #003366;\">o avoid regrets<\/span><\/strong><span style=\"color: #003366;\">. There\u2019s nothing worse than looking back on our life and regretting not taking a calculated risk to try something bold that could pay big dividends.<\/span><\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-4621 aligncenter\" src=\"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-content\/uploads\/2022\/02\/investement-quotes.jpg\" alt=\"\" width=\"183\" height=\"275\" \/><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 8pt;\">Pic Courtesy: investment quotes<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul style=\"text-align: justify;\">\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #800080;\"><strong>It is a great learning process<\/strong>. When we weigh the advantages and disadvantages of every choice we make, there&#8217;s always valuable lessons to be learned. Calculated risks have greater odds of succeeding.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul style=\"text-align: justify;\">\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #0000ff;\"><strong>It creates opportunities and chance to move ahead. <\/strong>Without taking calculated risks one would stagnate into routine. To achieve something one has to get out of their comfort zone. Taking the right risks is the difference between ordinary and extraordinary.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul style=\"text-align: justify;\">\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #993366;\"><strong>It provides feeling of Purpose, Achievement and Satisfaction. <\/strong>These are essential for growth of any organisation.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul style=\"text-align: justify;\">\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #333399;\"><strong>It boosts one\u2019s Confidence<\/strong>. Success of calculated risk increases the individual and organisational confidence manifold.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #008000;\">You can measure opportunity with the same yardstick that measures the risk involved. They go together.<\/span><\/p>\n<p style=\"text-align: right;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #008000;\">\u00a0\u2013 Earl Nightingale<\/span><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #800000;\"><em><strong><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt;\">Improving Calculated Risk taking ability:<\/span><\/strong><\/em><\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #800000;\">Increase mental strength and Emotional Quotient.<\/span><\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #800000;\">Balance between Emotion and Logic.<\/span><\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #800000;\">Get over the fear of failure.<\/span><\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #800000;\">Drive your activities and decisions based on desire to succeed rather than fear of failure.<\/span><\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #800000;\">Examine comprehensively all the factors.<\/span><\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #800000;\">Create a list of the pros and cons and the potential risks versus benefits.<\/span><\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #800000;\">Writing down the facts and reading them over helps.<\/span><\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #800000;\">Discussion helps.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #0000ff;\"><u>Bottom Line<\/u><\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #0000ff;\">Ability to take a calculated risk is very essential trait for good leadership.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #800080;\"><u>Question<\/u><\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #800080;\">Are you good at taking calculated risks?<\/span><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #008000;\"><u>Suggestions and value additions are most welcome<\/u><\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"color: #ff6600;\">Please share incidents when you have taken a calculated risk (besides share market)<\/span><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 14pt; color: #000080;\">For regular updates, please register here<\/span><\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"Xp2ev8Bx0d\"><p><a href=\"https:\/\/55nda.com\/blogs\/anil-khosla\/subscribe\/\">Subscribe<\/a><\/p><\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Subscribe&#8221; &#8212; Air Marshal&#039;s Perspective\" src=\"https:\/\/55nda.com\/blogs\/anil-khosla\/subscribe\/embed\/#?secret=ncybJbWAAx#?secret=Xp2ev8Bx0d\" data-secret=\"Xp2ev8Bx0d\" width=\"525\" height=\"296\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 10pt;\">References<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 10pt;\"><a href=\"https:\/\/www.inc.com\/amy-morin\/this-is-the-biggest-mistake-people-make-when-it-comes-to-taking-risks.html\">https:\/\/www.inc.com\/amy-morin\/this-is-the-biggest-mistake-people-make-when-it-comes-to-taking-risks.html<\/a><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 10pt;\"><a href=\"https:\/\/dictionary.cambridge.org\/dictionary\/english\/calculated-risk\">https:\/\/dictionary.cambridge.org\/dictionary\/english\/calculated-risk<\/a><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 10pt;\"><a href=\"https:\/\/www.merriam-webster.com\/dictionary\/calculated%20risk\">https:\/\/www.merriam-webster.com\/dictionary\/calculated%20risk<\/a><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 10pt;\"><a href=\"https:\/\/en.wikipedia.org\/wiki\/Risk\">https:\/\/en.wikipedia.org\/wiki\/Risk<\/a><\/span><\/p>\n<p style=\"text-align: justify;\">\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Pic Courtesy: tkan.medium.com &nbsp; Only those who will risk going too far can possibly find out how far one can go. \u2013 T. S. Eliot Four Most important leadership qualities required in a senior military leader are: Foresight and Vision. &nbsp; Decision Making Ability. &nbsp; Willingness to take Calculated Risks. &nbsp; Broad shoulders to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/55nda.com\/blogs\/anil-khosla\/2022\/02\/04\/leadership-willingness-to-take-calculated-risk\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;234: LEADERSHIP: WILLINGNESS TO TAKE CALCULATED RISK&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,26,15,83,87,14],"tags":[47,43,66,84,58,41,59,44,50],"class_list":["post-4618","post","type-post","status-publish","format-standard","hentry","category-article","category-best-military-quotes","category-leadership","category-management","category-motivation","category-safety","tag-defence-services","tag-leadership","tag-management","tag-motivation","tag-quotes","tag-safety","tag-thoughts","tag-values","tag-working-environment"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/4618","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/comments?post=4618"}],"version-history":[{"count":11,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/4618\/revisions"}],"predecessor-version":[{"id":8754,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/posts\/4618\/revisions\/8754"}],"wp:attachment":[{"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/media?parent=4618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/categories?post=4618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/55nda.com\/blogs\/anil-khosla\/wp-json\/wp\/v2\/tags?post=4618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}