21Understanding Risk Inclination
NEW RESEARCH HAS BEEN DONE on individual and organizational risk inclination that broadens our understanding of the subject. The research provides a way for people to quantify their risk inclination and determine their risk quotient or RQ. This research is presented in my book The Power of Risk—How Intelligent Choices Will Make You More Successful, A Step-by-Step Guide. You will learn how to determine your RQ in this chapter, but first let’s discuss risk inclination.
Styles of Risk Taking
By accepting your new management position, you decided to take some risks. Foremost, you moved from a position where you were likely performing well to take on a new challenge with no guarantee of success. This suggests that ...
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