studies on Risk-Management

… Larry Laudan, a philosopher of science, has spent the last decade studying risk-management. He writes of how we live in a society so fear-driven that we suffer from what he calls risk-lock – a condi...

As much as we laugh at it, trying to keep kids safe, avoiding failing or falling, has its own consequences. My friend, Dr. Tim Ellmore says that the removal of monkey bars on playgrounds is perhaps th...

In Four Quartets , T. S. Eliot writes that “any action is a step to the block.” He means that our actions always draw us closer to death, and in that sense every action we take is a wager of our ...

An atheist fell off a cliff. As he tumbled downward, he caught hold of the branch of a small tree. There he hung between heaven above and the rocks a thousand feet below, knowing he wasn’t going to be...

Fear and growth go together like macaroni and cheese. It’s a package deal. The decision to grow always involves a choice between risk and comfort. This means that to be a follower of Jesus you must re...

Resistance. Internal resistance. Resistance is the key difference between management and leadership: Good management is usually met with a grateful response from those whom we manage. Leadership is of...

Many years ago a senior executive of the then Standard Oil Company made a wrong decision that cost the company more than $2 million. John D. Rockefeller was then running the firm. On the day the news ...

The vulnerability that leads to flourishing requires risk, which is the possibility of loss—the chance that when we act, we will lose something we value. Risk, like life, is always about probabilities...

Nassim Nicholas Taleb, a best-selling statistician, argues that it is not even mere resilience we need, but what he calls antifragility . He groups things into three categories. First, fragile...

Over the years, I’ve read about many leaders who failed ethically in their leadership. Can you guess what they had in common? They all thought it could never happen to them. There was a false sense of...

Helen Keller, who lost both her sight and hearing in childhood but became a renowned activist and author, said that there is no such thing as a secure life. “It does not exist in nature.… Life is eith...

It’s human nature to resist change—particularly when it comes in the form of adversity or challenges. But change is inevitable, and developing the trait of resilience helps us not only survive change,...

We should aim for rational confidence in these sorts of pursuits because certainty is a mere will-o’-the-wisp. Finite minds simply can’t pull it off. Though the distinction between aiming at certainty...

In their excellent book Invitation to a Journey , M. Robert Mulholland and Ruth Haley Barton describe the foundation of life as being spiritual in nature. This means we are constantly be “formed” s...

In the most basic sense, managing your perfectionism looks like becoming aware of the core impulse all perfectionists reflexively experience: noticing room for improvement—Hmm, this could be better—an...

Ambiguity may keep people up nights, but anyone seeking exquisite simplicity in his or her career ought to look for a non-leadership position. Leaders, by definition, have followers. Followers need di...

In his book, Running Scared, Pychologist Edward Welch illustrates how the fear of an event is often worse than the event itself. To demonstrate this, he provides two examples of people whose lives are...

A life-threatening crisis came to my home when I was only 25. My wife suffered a near-fatal stroke and was rushed to the hospital, where doctors scrambled to keep her alive. Within hours, we were maki...

When we hear the word retreat many of us think of the military use of the word, which refers to the tactic troops use when they are losing too much ground, when they are tired and ineffective, a...

My friend Tim is a manager of a small company. Because he often hires people for their first full-time job, he gets to tell new employees about their benefits. One time, Tim was trying to explain to a...

Robert C. McFarlane was a well-known businessman in the Los Angeles area. He had moved to California from Oklahoma in 1970, and within just a few days of his arrival—due to a disastrous misunderstandi...

Humans are wired for stability and continuity, so we are deeply grateful for a good manager who keeps everything running well. But leading change is disruptive. And everything within us resists disrup...

When Jesus warns us not to store up treasures on Earth, it’s not because wealth might be lost; it’s because wealth will always be lost. Either it leaves us while we live, or we leave it when we die. N...

Many of life’s annoyances just have to be ignored. That doesn’t mean that we suppress, ignore, or deny every pain. Serious pain has to be confronted. But one mark of resilience is learning to tell whi...

Crises, and pressures for change, confront individuals and their groups at all levels, ranging from single people, to teams, to businesses, to nations, to the whole world. Crises may arise from extern...

Studying your own failures as well can make them seem less earth-shattering. One researcher suggested in a 2010 article in Nature that people maintain a “CV of failures,” a written list of the things ...

In The Last Arrow, Erwin McManus shares the story of Mark Floyd, a businessman who convinced investors to place $20 million dollars in an investment that ultimately failed. Instead of crawling into a ...

The Chase Manhattan Bank building, a towering sixty-story skyscraper in Manhattan's financial district, faced a major crisis during its construction. Midway through the project, builders discovere...

I think most recommendations are bad because they’re one-size-fits-all. “Take more risks.” “Don’t be so hard on yourself.” “Work harder.” The problem is that some people need to take more risks, while...

A. W. Tozer once wrote,  Left to ourselves we tend immediately to reduce God to manageable terms. We want to get Him where we can use Him, or at least know where He is when we need Him. We want a ...