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- Herausgeber: Business Book Summaries
- Kategorie: Fachliteratur
- Sprache: Englisch
The must-read summary of Doug Sundheim's book: "Taking Smart Risks: How Smart Leaders Win When Stakes Are High".
This complete summary of the ideas from Doug Sundheim's book "Taking Smart Risks" shows that when you stay in your comfort zone indefinitely, you really don’t feel alive. Thus to keep growing, you have to work towards achieving challenging goals which force you to stretch and grow. This summary highlights five things you need to do in order to get in the “smart-risk zone” and stay there.
Added-value of this summary:
• Save time
• Understand key concepts
• Expand your knowledge
To learn more, read "Taking Smart Risks" and find out why you should break out of your comfort zone and start taking risks that will help you reach your goals.
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Seitenzahl: 33
Veröffentlichungsjahr: 2014
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Book Presentation: Taking Smart Risks by Doug Sundheim
Book Abstract
About the Author
Important Note About This Ebook
Summary of Taking Smart Risks (Doug Sundheim)
Book Presentation: Taking Smart Risks by Doug Sundheim
Book Abstract
MAIN IDEA
Whenever you or your organization play it safe for too long, all that ends up happening is you stagnate. More specifically, if you avoid risks all the time:
You forget what it feels like to deliver big wins.You stand still and don’t grow.You don’t create anything new and better.You lose a little bit of self-confidence.In all, when you stay in your comfort zone indefinitely, you really don’t feel alive. To keep growing, you have to work towards achieving some challenging goals which force you to stretch and grow – and the best way to do that is to regularly take on some “smart risks.”
Smart risk taking is all about being bold but careful at the same time. You undertake a meaningful challenge which definitely forces you to stretch but at the same time you prepare thoroughly and thoughtfully so as to minimize the hazards involved. It’s about getting in the “smart-risk zone” which lies somewhere in the middle between your comfort zone and the danger zone.
To stay in that smart-risk zone for any period of time takes practice. You basically have to do five things on an ongoing and sustainable basis to get into this smart-risk zone and stay there:
Find something worth fighting forSee the future now.Act fast, learn fastCommunicate in a powerful wayCreate a smart-risk culture“Smart risk taking is about creating new things, understanding what you’re made of, and feeling confident and alive. You lose these when you play it safe for too long, in essence losing the “life” in life. So you need to take risks. But even when you know that you need to take risks, fear can still stop you from doing it. It’s only by being aware of what’s at stake when you do not take risks— loss of growth, progress, and learning— that you find the right risks to take.”
– Doug Sundheim
About the Author
DOUG SUNDHEIM is a leadership and organizational consultant. He has more than 20 years of experience in growing businesses. He now works with Fortune 500 companies including Morgan Stanley, Harvard Management Company, The Chubb Corporation, Citigroup, University of Chicago and Procter & Gamble. Prior to starting his own consulting company, Doug Sundheim worked for several years in the Internet strategy field and started his own catering company which grew to have 100 employees. He is a graduate of Cornell University and Columbia University.
The Web site for this book is atwww.takingsmartrisks.com.
Important Note About This Ebook
This is a summary and not a critique or a review of the book. It does not offer judgment or opinion on the content of the book. This summary may not be organized chapter-wise but is an overview of the main ideas, viewpoints and arguments from the book as a whole. This means that the organization of this summary is not a representation of the book.
Summary of Taking Smart Risks (Doug Sundheim)
Background: The concept of the “Smart-Risk Zone”
While the dangers of taking on too much risk are obvious, the simple fact is if you don’t take a risk now and then you won’t grow. There is a “Smart-Risk Zone” which lies between the Comfort Zone and the Danger Zone. Savvy leaders position their enterprises there in order to drive growth and this is something you need to do as well.
When it comes to taking risks, the prevailing view is that every organization has its own comfort zone and a corresponding danger zone. If you’re doing what you’ve always done, there is a high degree of certainty, comfort and control present and you’re operating in your comfort zone. If you’re trying something new, that places you in the danger zone.
The problem with that view is it is restrictive and self-limiting. You won’t try anything new because:
