Managers, Not Companies, Take Risks | Episode 029

Companies do not take risks. Individual managers in these companies take risks. Most people will hide under their desks when they need to take a chance that could cost them their job and career so far in the company.

This fear naturally leads these same people to be preoccupied with trivial things that are hard to go wrong with. Over time this creates an avalanche of redundant processes, procedures, and inefficiencies. There is a paradox in which people are very busy, but, they do not have enough time. This is mainly due to people's tendency to engage in pseudo-busyness to feel needed in their work. Changes are needed to stop pseudo-busyness. Changes require risk-taking.

Again, companies do not take risks. Only a few managers will take risks that can cost them their jobs. Every company grows because it solves specific problems for its customers. Over the years bureaucratic managers' interest has shifted to solving more of their own internal issues instead of clients' ones. But the appeal of outstanding managers remains on solving customer problems.

What do you risk when you do not make bold risks?

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Book "Park Your Ego: Face Your Bullsh*t and Own It" by Plamen Petrov on Amazon - https://amzn.to/38VW3He

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