Episode 357

Why You Have to Take Risk to Mitigate Risk - S7 E24

Takeaways

  • Avoiding risk can be riskier than taking it.
  • Blue ocean strategies focus on risk mitigation.
  • Red oceans are characterized by fierce competition.
  • Incremental change can lead to blue ocean opportunities.
  • Organizational culture affects the transition to blue oceans.

📖 Buy "Blue Ocean Strategy" by W. Chan Kim | Renee Mauborgne


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Chapter Markers:

00:00 - Understanding Risk in Leadership

03:08 - Red Ocean vs. Blue Ocean Strategies

06:01 - The Importance of Incremental Change

09:13 - Navigating Uncertainty and Future Risks

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Unleashing Leadership: Unlocking Greatness and Embracing Change

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About your host

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Travis Maus

Travis Maus is the Chief Executive Officer of S.E.E.D. Planning Group is a fee-only financial planning firm with over 30 employees and locations in New York and Tennessee.

He hosts Unleashing Leadership and co-hosts the award-winning Ditch the Suits Podcast. Ditch the Suits aim is to help listeners get the most from their money and lives.

He is passionate, unfiltered, and committed to building great businesses.