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Chapter 6. Improve the Reward/Risk Ratio > Individual and Group Risk Taking

Individual and Group Risk Taking

After you completed the “Risk Taking Inventory,” you were able to see your own tendencies in a range of situations. Consider, also, the likely risk-taking bias of your work group or team.

Research into what has been termed a group’s “risky shift” is not definitive. Sometimes groups accept more risk than many of its individual members, perhaps because responsibility is shifted to the team. If a risky action bombs, “blame” is diffused. Also, many organizations treat risk as an important cultural value. On the other hand, some groups reach more conservative decisions than individual members would, perhaps because of “groupthink” pressure to conform. A balance between risk aversion and reckless risk taking should be sought.


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