Imagine you have a person in your team who likes to play it safe. They will be slow to adopt new technology, giving competitors who are more minded to take risks an edge. They will become set in their ways, preferring to always do things in the same way, leaving them less adaptable to changes in the market or with your valuable customers. Over time, this culture spreads to other members, who are constantly met with opposition when suggesting new ideas. Your most innovative members of the team will, in time, leave or become compliant.
However, a team with members who are not afraid to share ideas, who are open to adopting new technologies and new systems and who are flexible enough to move with customer and market needs will attract customers more easily.
Creating an environment within your company that fosters empathy, vulnerability and encourages the sharing of ideas in a safe way enables your team to be more creative and innovative and feel they can share and build upon ideas that can ensure you maintain the competitive edge in your market.
So how can you encourage a culture of appropriate risk taking? Here are our top tips:
Remember, it’s not about reckless risk-taking, but rather about encouraging teams to push boundaries, explore new possibilities, and embrace uncertainty with thoughtful consideration and strategic planning. If you want to discuss with us how to help your team grow in confidence and create a culture of risk taking, get in touch today.