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Risk Taking Made Easier: Steps to Taking Calculated Risks

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Detested by some people and loved by others, risks form an intrinsic part of many businesses today. Manager jobs, that is people in management, have to deal with this phenomenon at some point in their manager careers. The way that these risks are handled almost always determines the way that they will end (whether successful or not).

Before taking a risk, one should fully understand what he or she is getting out. A little research will go a long way in helping to know the pros and cons of each option facing the manager. Successful risks are always calculated and as such, in jobs management, the manager should know if the risk that he or she wants to take is in line with the vision and mission of the company or organization. It is always advisable for the risk(s) to be in line with these goals.

Manager jobs always have the organization's long term and short-term interests at heart. The person taking the risk should know whether the risk is for the long term or short-term benefit of the company. He or she should also note that it is prudent to risk only what you can afford to lose. Nothing more! Then, the manager will also come up with the resources needed to implement the risk. If the plan involves other company or organization workers, then they should be brought on board and made to understand what is expected of each of them. They should be encouraged to come up with better ideas and they should own the plan since it is only then that they will give it their best.



The sources for other resources such as money should be clearly spelt out and determined. The management of these resources is also mandatory since if abused, the desired results may not be realized. After this is done, the timelines for risk implementation should also be determined with frequent points of evaluation to determine whether the implementation is on the right track. Jobs management entails having a plan for all these, since manager jobs require one to not only manage a product or company, but to also grow it.

Manager careers call for educated opinions and actions, but in case of a risk not turning out as expected, it is wise to learn from it and then apply the lessons learnt in future risks. As a manager, one is supposed to explain to his or her employees what the risk entails and means for their company. A food manager always tries to have more than one plan of success at a time and when one fails, there is always a fall back plan. This enhances the chances of the risk turning positive.

When applying for these positions of responsibility, one is encouraged to have a clearly drafted and brief cover letter to accompany the resume. The cover letter should tell the reader the reasons for applying for the job, how the applicant learnt of the job and also what qualifications the applicant holds and why they are best suited for the job. The resume should have a neat and attractive layout that attracts attention. The resume should concentrate more on the accomplishments of the applicant instead of responsibilities and his or her objectives. It should have all the relevant information from contacts to qualifications to hobbies. It should be proof read again and again for omissions and various errors such as grammatical errors.
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