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The IUP Journal of Soft Skills
Choose to RISK
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When we say that some people are risk-takers and some are not, it is not that the latter category does not take risk at all, but rather they tend to stay more with the low and known risks. Even they are, sometimes, required to take the bigger plunge, the bigger risk. So, how much should one risk? To what extent should one evaluate before taking a chance? Be it in personal life or in professional life, be it an individual or an organization, everyone today has to take a risk at some time or the other. Apart from all the evaluations done, the pros and cons analyzed, what else should one consider and remember while taking a risk? In this paper, we shall use the very word ‘risk’ to help us decide whether or not to take a risk.

 
 

Risk... One of those words in the English language that most people do not like to hear or encounter, yet one of those words that is a part and parcel of almost everything and anything that we do in life. Yes, whether we are making a decision of yes or no about something, whether we are choosing one option over another, whether it is about how to do a task or how to behave in a relationship, every single action entails a certain factor of risk in it.

Sometimes, this risk can be low, so low that we do not evaluate the consequences of the risk; sometimes it is so high that we tend to take weeks or maybe months before we choose and take steps forward. Sometimes, this risk is well-known and already encountered and accepted easily, and sometimes this risk is new and perceived as dangerous enough to give it a stronger consideration. Either way (Figure 1), the risk always does exist.

So, how do we decide whether to take the plunge? The answer sometimes can be very simple. The answer many times is in the question. Now, let us see how remembering RISK helps to take the appropriate amount and type of risk.

 
 

Soft Skills Journal,The Bigger Risk,Reason, Intuition, Situation, Knowledge