Question
Background Information There are examples of positive risk that are mentioned in the article by Spacey (2016). Most if not all of these can be
Background Information
There are examples of positive risk that are mentioned in the article by Spacey (2016). Most if not all of these can be thought of as opportunities.
Those examples of positive risk include:
- Project management error when the project does not use all of the budget.
- Product lasting too long - example: a bridge lasts more years from over-engineering.
- Income rising and forcing you into a new tax bracket.
- Investments too conservative.
- Marketing causing sales cannibalism (new product causing too many sales and as a result, underselling occurs on existing products or services).
- Career management - taking on too much responsibility to be effective.
- Project being delivered too early - sign of poor planning.
- Marketing causes too much of a good thing that it causes trouble - tourism was the example.
- Over-engineering of product so it lasts too long (this risk is similar to the second item above).
The scripture in Galatians 6:10 speaks about opportunity to do good to everyone. Seeing positive risk as an opportunity is counter-intuitive sometimes to what we think of as risk management. In the passage from Luke that follows, we see that love of possessions can be a weakness, and thus being too fortunate without guarding against sin can be a problem.
- Read the Introduction and Alignment and the Background Information sections.
- Read John Spacey's article,9 Examples of Positive Risk "https://business.simplicable.com/business/new/9-examples-of-positive-risk", to make sure you understand the concept of positive risk.
- Navigate to the discussion thread and answer the following prompt(s):
- Name two positive risks that you have experienced in your life or career.
- Can too much success or fame or riches be a problem? How and why, or why not?
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