There is no success without risk-taking, and most people will accept that risk-taking requires a tolerance for failure. Yet, how realistic is it to expect success in a world so bent on punishing failure? Why should people expect high returns in politics, economics and society when they continue to reward risk-averse politicians and leaders? Tim Harford, author of popular non-fiction books like Adapt and The Undercover Economist, explored this dichotomy at an SMU talk.
Business | Strategic Management Policy
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To succeed in life and business, adapt and fail productively. (2011). Knowledge@SMU.
Available at: http://ink.library.smu.edu.sg/ksmu/380