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The Art of Risk-Taking: Should Leaders Be Rewarded?

istock.com/Just_Super

9 July 2022

Leadership brings with it great responsibilities, rewards—and, inevitably, many risks. Successful leaders are thought to be bold risk-takers. Yet, between the urgency to enable digital transformation, the ongoing economic challenges, the infamous ‘great resignation’, and the aggressive and unprecedented boom in the global startup ecosystem, one is forced to examine the value of taking risks.

Just two years ago, business leaders, like most, were caught unaware by a pandemic that brought the world to a dramatic halt. As a result, leaders and their risk-taking capabilities were put to the test. The global crisis saw leaders scrambling to facilitate remote working at an unimaginable scale, adapting and responding to the changes within and outside their organization due to ambiguity, uncertainty, and confusion. Unfortunately, pandemic-related changes are not the only areas that are demanding leaders to step up.

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