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	<title>Comments on: Do You Take Chances or Risks?</title>
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	<link>http://randomactsofleadership.com/2010/03/09/chance-vs-risk/</link>
	<description>Everyday Leadership Through Everyday Actions</description>
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		<title>By: Working Wisely &#124; Reflections for Personal and Business Development</title>
		<link>http://randomactsofleadership.com/2010/03/09/chance-vs-risk/comment-page-1/#comment-645</link>
		<dc:creator>Working Wisely &#124; Reflections for Personal and Business Development</dc:creator>
		<pubDate>Tue, 23 Mar 2010 10:53:14 +0000</pubDate>
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		<description>[...] Do You Take Chances or Risks? (randomactsofleadership.com)    March 23rd, 2010 &#124; Tags: inspiration, Organization, Organizational culture, Organizations, Philosophy, teamwork, Wisdom, Work &#124; Category: Organizational Life [...]</description>
		<content:encoded><![CDATA[<p>[...] Do You Take Chances or Risks? (randomactsofleadership.com)    March 23rd, 2010 | Tags: inspiration, Organization, Organizational culture, Organizations, Philosophy, teamwork, Wisdom, Work | Category: Organizational Life [...]</p>
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		<title>By: Mary Ann Reilly</title>
		<link>http://randomactsofleadership.com/2010/03/09/chance-vs-risk/comment-page-1/#comment-635</link>
		<dc:creator>Mary Ann Reilly</dc:creator>
		<pubDate>Sun, 14 Mar 2010 13:05:22 +0000</pubDate>
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		<description>I appreciate the thoughtfulness and interconnectedness of the five things to keep in mind.  The challenge I think is determining which or what sequence I might need to attend to the five stages you outline. I think it is easy, and at times perhaps comfortable, to confuse knowing about something with understanding.  Thanks Susan for a thoughtful post.</description>
		<content:encoded><![CDATA[<p>I appreciate the thoughtfulness and interconnectedness of the five things to keep in mind.  The challenge I think is determining which or what sequence I might need to attend to the five stages you outline. I think it is easy, and at times perhaps comfortable, to confuse knowing about something with understanding.  Thanks Susan for a thoughtful post.</p>
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		<title>By: GL Hoffman</title>
		<link>http://randomactsofleadership.com/2010/03/09/chance-vs-risk/comment-page-1/#comment-633</link>
		<dc:creator>GL Hoffman</dc:creator>
		<pubDate>Fri, 12 Mar 2010 17:02:34 +0000</pubDate>
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		<description>This question of risk tolerance always comes up when I talk to new entrepreneurs...something like How can you know when it is the right time to go for it?  How do you manage risk, etc.
It is an interesting topic and you handled it beautifully.  BTW, since some of your audience might be thinking about starting their own company, I would like to give them each a pdf copy of my new book STARTUP, 100 Tips to Get Your Business Going. www.startup100tips.com. No tricks just trying to do what I can to help. Email me and I will send.
Keep up the good work, Susan.</description>
		<content:encoded><![CDATA[<p>This question of risk tolerance always comes up when I talk to new entrepreneurs&#8230;something like How can you know when it is the right time to go for it?  How do you manage risk, etc.<br />
It is an interesting topic and you handled it beautifully.  BTW, since some of your audience might be thinking about starting their own company, I would like to give them each a pdf copy of my new book STARTUP, 100 Tips to Get Your Business Going. <a href="http://www.startup100tips.com" rel="nofollow">http://www.startup100tips.com</a>. No tricks just trying to do what I can to help. Email me and I will send.<br />
Keep up the good work, Susan.</p>
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		<title>By: Susan Mazza</title>
		<link>http://randomactsofleadership.com/2010/03/09/chance-vs-risk/comment-page-1/#comment-632</link>
		<dc:creator>Susan Mazza</dc:creator>
		<pubDate>Fri, 12 Mar 2010 16:20:49 +0000</pubDate>
		<guid isPermaLink="false">http://randomactsofleadership.com/?p=1798#comment-632</guid>
		<description>Ah, I love it when people instigate...Thank you Mike for continuing to engage!

There was no consideration of or even an awareness of risk so I agree that it was a in fact a chance - an unthinking leap into what occurred as a fun, exciting adventure with no consideration for the potential danger.  When we are young we naturally take more chances.  I have read that the reasoning function of our brains is not even fully developed until we are about 21. Questioning our assumptions is a key step in assessing risk but the awareness of and skill in doing this can only be learned from experience over time.

On the other hand, while we may get wiser and better at risk assessment over time, which includes probability assessment and leads to contingency planning, our fears tend to magnify over time as well.  It seems people are less likely to take chances the older they get.  It can be far to easy to hide behind our assessment of risk.

When the reasons why we &quot;shouldn&#039;t&quot; or &quot;can&#039;t&quot; overwhelm our belief in what is possible, it may be time to take a chance or two lest we live the rest of our lives wondering &quot;what if?&quot; rather than courageously pursuing what could be and choosing to have faith in our ability to manifest our dreams.</description>
		<content:encoded><![CDATA[<p>Ah, I love it when people instigate&#8230;Thank you Mike for continuing to engage!</p>
<p>There was no consideration of or even an awareness of risk so I agree that it was a in fact a chance &#8211; an unthinking leap into what occurred as a fun, exciting adventure with no consideration for the potential danger.  When we are young we naturally take more chances.  I have read that the reasoning function of our brains is not even fully developed until we are about 21. Questioning our assumptions is a key step in assessing risk but the awareness of and skill in doing this can only be learned from experience over time.</p>
<p>On the other hand, while we may get wiser and better at risk assessment over time, which includes probability assessment and leads to contingency planning, our fears tend to magnify over time as well.  It seems people are less likely to take chances the older they get.  It can be far to easy to hide behind our assessment of risk.</p>
<p>When the reasons why we &#8220;shouldn&#8217;t&#8221; or &#8220;can&#8217;t&#8221; overwhelm our belief in what is possible, it may be time to take a chance or two lest we live the rest of our lives wondering &#8220;what if?&#8221; rather than courageously pursuing what could be and choosing to have faith in our ability to manifest our dreams.</p>
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		<title>By: Mike Henry</title>
		<link>http://randomactsofleadership.com/2010/03/09/chance-vs-risk/comment-page-1/#comment-631</link>
		<dc:creator>Mike Henry</dc:creator>
		<pubDate>Fri, 12 Mar 2010 01:59:38 +0000</pubDate>
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		<description>I agree but didn&#039;t want to speculate your meaning in my comment. But what degree of certainty should you assign to any outcome?  Isn&#039;t this all just an exercise in probability assessment and contingency planning?  Neither of you planned for the contingency that the other one didn&#039;t know how to sail back.  Failure to accurately assess the risk made your adventure one of chance, wouldn&#039;t you say?  (Just a bit of additional instigation...)

Mike...</description>
		<content:encoded><![CDATA[<p>I agree but didn&#8217;t want to speculate your meaning in my comment. But what degree of certainty should you assign to any outcome?  Isn&#8217;t this all just an exercise in probability assessment and contingency planning?  Neither of you planned for the contingency that the other one didn&#8217;t know how to sail back.  Failure to accurately assess the risk made your adventure one of chance, wouldn&#8217;t you say?  (Just a bit of additional instigation&#8230;)</p>
<p>Mike&#8230;</p>
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		<title>By: Susan Mazza</title>
		<link>http://randomactsofleadership.com/2010/03/09/chance-vs-risk/comment-page-1/#comment-630</link>
		<dc:creator>Susan Mazza</dc:creator>
		<pubDate>Thu, 11 Mar 2010 18:51:08 +0000</pubDate>
		<guid isPermaLink="false">http://randomactsofleadership.com/?p=1798#comment-630</guid>
		<description>All great points Bruce.  You sum up the basic difference between the two very well: &quot;‘risks’ are considered and ‘calculated’, while ‘chances’ are not.&quot;

I do think there is a place for both taking chances and taking risks though.  Sometimes if we take too much time to fully analyze an option the opportunity will pass us by.  And other times our analysis of the risks will be informed so much by our fears that we will talk ourselves out of taking the risk when it may be exactly what we need to do to push us to the next level.  

I think it is also important to remember that assessing risk is a lot like forecasting - we can&#039;t really predict the future so we rely a lot on past experience which may in the end prove to be irrelevant.

Some additional thoughts about taking chances...I know personally that I have leaped without thinking very much, basing my choice entirely my on a feeling it was the &quot;right thing to do&quot; at the time.  I have had to learn the difference between trusting my gut/following my intuition vs. acting on impulse driven entirely by emotion. Being the eternal optimist I always expect things to turn out - sometimes it does and sometimes it has led to a unpleasant outcome (my best example of this is my first marriage which ended in divorce at age 25).

Ultimately I believe taking a chance is more about taking a leap of faith.  Perhaps that is the biggest risk of all.  And as I write this response it occurs to me that the kind of chances I try to be mindful of avoiding are the ones purely based on emotion and impulse.  Yet I suspect I will continue to choose to take chances on occasion based on intuition rather than a thorough assessment of risk.

I love what Gwyn says:  &quot;Maybe risks are about asking ourselves questions about what we might be willing to lose in order to gain something we want more.&quot;  And when the answer to those questions are &quot;I don&#039;t know&quot; then perhaps we just have to choose whether or not we are willing to take a chance.

Thanks to all who commented here so far for engaging here and getting me to think more deeply!</description>
		<content:encoded><![CDATA[<p>All great points Bruce.  You sum up the basic difference between the two very well: &#8220;‘risks’ are considered and ‘calculated’, while ‘chances’ are not.&#8221;</p>
<p>I do think there is a place for both taking chances and taking risks though.  Sometimes if we take too much time to fully analyze an option the opportunity will pass us by.  And other times our analysis of the risks will be informed so much by our fears that we will talk ourselves out of taking the risk when it may be exactly what we need to do to push us to the next level.  </p>
<p>I think it is also important to remember that assessing risk is a lot like forecasting &#8211; we can&#8217;t really predict the future so we rely a lot on past experience which may in the end prove to be irrelevant.</p>
<p>Some additional thoughts about taking chances&#8230;I know personally that I have leaped without thinking very much, basing my choice entirely my on a feeling it was the &#8220;right thing to do&#8221; at the time.  I have had to learn the difference between trusting my gut/following my intuition vs. acting on impulse driven entirely by emotion. Being the eternal optimist I always expect things to turn out &#8211; sometimes it does and sometimes it has led to a unpleasant outcome (my best example of this is my first marriage which ended in divorce at age 25).</p>
<p>Ultimately I believe taking a chance is more about taking a leap of faith.  Perhaps that is the biggest risk of all.  And as I write this response it occurs to me that the kind of chances I try to be mindful of avoiding are the ones purely based on emotion and impulse.  Yet I suspect I will continue to choose to take chances on occasion based on intuition rather than a thorough assessment of risk.</p>
<p>I love what Gwyn says:  &#8220;Maybe risks are about asking ourselves questions about what we might be willing to lose in order to gain something we want more.&#8221;  And when the answer to those questions are &#8220;I don&#8217;t know&#8221; then perhaps we just have to choose whether or not we are willing to take a chance.</p>
<p>Thanks to all who commented here so far for engaging here and getting me to think more deeply!</p>
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		<title>By: Most Tweeted Articles by Leadership Development Experts</title>
		<link>http://randomactsofleadership.com/2010/03/09/chance-vs-risk/comment-page-1/#comment-629</link>
		<dc:creator>Most Tweeted Articles by Leadership Development Experts</dc:creator>
		<pubDate>Thu, 11 Mar 2010 15:56:23 +0000</pubDate>
		<guid isPermaLink="false">http://randomactsofleadership.com/?p=1798#comment-629</guid>
		<description>[...] Stanford&#039;s Graduate School of Busin...         3  Tweets     CEO Struggles             3  Tweets     Do You Take Chances or Risks?             3  Tweets     - Talent Management             3  Tweets     Ready to React? [...]</description>
		<content:encoded><![CDATA[<p>[...] Stanford&#39;s Graduate School of Busin&#8230;         3  Tweets     CEO Struggles             3  Tweets     Do You Take Chances or Risks?             3  Tweets     &#8211; Talent Management             3  Tweets     Ready to React? [...]</p>
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		<title>By: Susan Mazza</title>
		<link>http://randomactsofleadership.com/2010/03/09/chance-vs-risk/comment-page-1/#comment-628</link>
		<dc:creator>Susan Mazza</dc:creator>
		<pubDate>Thu, 11 Mar 2010 14:35:24 +0000</pubDate>
		<guid isPermaLink="false">http://randomactsofleadership.com/?p=1798#comment-628</guid>
		<description>Thanks so much Gwyn for sharing your insight regarding the difference between a chance and a risk.  Excellent!  Really appreciate you thinking with me here.  I am going to borrow from your response to clarify the difference for myself and others :-)</description>
		<content:encoded><![CDATA[<p>Thanks so much Gwyn for sharing your insight regarding the difference between a chance and a risk.  Excellent!  Really appreciate you thinking with me here.  I am going to borrow from your response to clarify the difference for myself and others <img src='http://randomactsofleadership.com/wp-includes/images/smilies/icon_smile.gif' alt=':-)' class='wp-smiley' /> </p>
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		<title>By: Susan Mazza</title>
		<link>http://randomactsofleadership.com/2010/03/09/chance-vs-risk/comment-page-1/#comment-627</link>
		<dc:creator>Susan Mazza</dc:creator>
		<pubDate>Thu, 11 Mar 2010 14:33:12 +0000</pubDate>
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		<description>Life teaches in so many ways!  Sometimes we have to see/experience the lesson in many forms to actually learn it!  I&#039;ll respond more fully to your question regarding the distinction between chance and risk in a separate comment.</description>
		<content:encoded><![CDATA[<p>Life teaches in so many ways!  Sometimes we have to see/experience the lesson in many forms to actually learn it!  I&#8217;ll respond more fully to your question regarding the distinction between chance and risk in a separate comment.</p>
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		<title>By: Susan Mazza</title>
		<link>http://randomactsofleadership.com/2010/03/09/chance-vs-risk/comment-page-1/#comment-626</link>
		<dc:creator>Susan Mazza</dc:creator>
		<pubDate>Thu, 11 Mar 2010 14:30:29 +0000</pubDate>
		<guid isPermaLink="false">http://randomactsofleadership.com/?p=1798#comment-626</guid>
		<description>Thanks for the question Joe and for pressing me for more clarity here.  I am going to leverage the responses from Gwyn and Bruce below to respond more fully in a separate comment.</description>
		<content:encoded><![CDATA[<p>Thanks for the question Joe and for pressing me for more clarity here.  I am going to leverage the responses from Gwyn and Bruce below to respond more fully in a separate comment.</p>
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