One trait common to all highly effective leaders is that they are not afraid to
ID: 390679 • Letter: O
Question
One trait common to all highly effective leaders is that they are not afraid to take risks. They understand that in order to move forward and compete effectively, they have to go into adventures, explore, and test the waters in order to search for opportunities. Effective leaders also understand that they cannot stay stagnant, and the idea of doing things the same way over time will not be sufficient. In fact, such practices will negatively impact the organization (Kouzes & Posner, 2012).
The concept of challenging the process encompasses the idea that leaders have to think outside the box and reject the status quo in order to be exemplary and support the success of their organization (Kouzes & Posner, 2012). They have to ask questions, and rather than responding with prescribed answers, they should use the questions as a starting point for innovation and the realization of the shared vision. The practice consists of the following components:
Searching for opportunities in order to get extraordinary things accomplished
Taking risks and experimenting with new ideas in order to remain relevant
Understanding that success and advancement are generated through innovation and creativity
In your own words, share an example of an instance where you or a leader you followed took a calculated risk. Bring in leadership theory as it relates to your example.
Explain why you or your leader decided to take the risk.
Explanation / Answer
As a leader you always have to lead from the front rather than sitting at the deck keep watching for the results. Recently when my company entered into food business some of the people were actually against the idea and thought that the market is overcrowded and there will no space to succeed but we took a decision to go ahead and not only we succeed but started getting into new ventures altogether which happened due to risk taking capabilities and leadership attitude of the entire system.
We were always convinced that it is a calculated risk because of following reasons
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