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ORG 827 Topic 7 Benchmark The Value of Taking Risks GCU
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ORG 827 Topic 7 Benchmark The Value of Taking Risks GCU
Leaders often operate in risk-averse environments, modeling tepid behavior to followers who, in turn, avoid putting any pressure on the system. This mentality destroys creativity and innovation, often resulting in catastrophic failure. However, when well-reasoned, deliberate risk is embraced, organizations can move forward with extraordinary effectiveness. It is a leader’s responsibility to mitigate possible adverse consequences of the risks. In a complex dynamic system, downstream effects can be difficult to determine, but measures must be taken to assess the impacts of decisions. When a concern is identified, corrective action can be taken. Cultural differences can also play a significant role when leaders engage in risk-taking when making strategic decisions. Leaders must be cognizant of how their behavior can impact collocated teams as well as cross-cultural virtual organizations. In this assignment, you will revise your prior work on the theoretical approach to leadership and explore the leader’s role in taking risks when making strategic decisions, evaluating risk mitigation strategies, evaluating organizational structures, and managing risk in collocated and virtual global environments.
General Requirements:
•Refer to your submission for the Topic 2 assignment, “Benchmark – Leading Strategic Decision Making.”
•This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.