Strategic risktaking from "summary" of Smartcuts by Shane Snow
Strategic risktaking is not about taking blind leaps of faith or making reckless decisions. It's about making calculated and informed choices that have the potential to yield high rewards. In other words, it's about taking smart risks that are backed by data, analysis, and a clear understanding of the potential outcomes. Successful strategic risktaking involves thorough research and planning. It's not about rushing into a decision without considering the possible consequences. Instead, it's about gathering all the necessary information, analyzing the data, and weighing the pros and cons before making a move. This level of preparation helps to mitigate potential downsides and increase the chances of ...
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