Recommended Read: The Risk Factor

Kimberley Budd
Calculated, intelligent risk is not only the key to building the next great company, but we must be willing to take those risks to solve the world's biggest and most persistent problems.

Hot off the press, this week's recommended read is The Risk Factor: Why Every Organization Needs Big Risks, Bold Characters and the Occasional Spectacular Failure by Deborah Perry Piscione.

From the publisher, MacMillan: "Our most revered business icons of the last few decades are the bold risktakers, such as Richard Branson, Elon Musk, and Steve Jobs. Yet in today’s stock market-driven economy, companies are playing it safe, with too many leaders focused on short-term gains, rather than value creation. The result is a static business culture that generates forgettable results—even as the world demands big solutions. So how do we get back in the risk-taking game? In The Risk Factor, Deborah Perry Piscione takes the most comprehensive look at this crucial, undervalued leadership behavior, and outlines how companies must support risk-taking across the enterprise. Exploring the heroes of risk, including entrepreneurs, venture capitalists, and technologists, and the role risk-taking and failure tolerance play in their success, she makes a compelling case not only for big, flashy mergers or acquisitions, but also for unorthodox choices in everything from leadership to corporate social responsibility. Drawing on case studies from a wide range of now-famous giants (Netflix, Salesforce) and successful start-ups (Tesla, NetApp), she distills lessons for both new entrepreneurs and established companies whose longtime risk aversion has cost them more than they realize."

Borrow this book today! HB615 .P487 2014