Enterprise Risk Quotes

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Sometimes we know in our bones what we really need to do, but we're afraid to do it. Taking a chance and stepping beyond the safety of the world we've always known is the only way to grow, though and without risk there is no reward.
Wil Wheaton (Just a Geek: Unflinchingly Honest Tales of the Search for Life, Love, and Fulfillment Beyond the Starship Enterprise)
The desire for safety stands against every great and noble enterprise.
Tacitus
The death knell for any enterprise is to glorify the past -- no matter how good it was.
Jeff Bezos
To read these books, in this way, as an exercise in self-knowledge, carries certain risks. Risks that are both personal and political. Risks that every student of Political Philosophy has known. These risks spring from the fact that philosophy teaches us, and unsettles us, by confronting us with what we already know. There is an irony: the difficulty of this course consists in the fact that it teaches what you already know. It works by taking what we know from familiar unquestioned settings, and making it strange. [...] Philosophy estranges us from the familiar, not by supplying new information, but by inviting and provoking a new way of seeing. But, and here is the risk, once the familiar turns strange, it is never quite the same again. Self-knowledge is like lost innocence; however unsettling you find it, it can never be 'unthought' or 'unknown'. What makes this enterprise difficult, but also revetting, is that Moral and Political Philosophy is a story, and you don't know where the story would lead, but you do know that the story is about You.
Michael J. Sandel
By working with nature instead of against it, we reduce risks and build robust, thriving enterprises. That's the permaculture way.
Hendrith Vanlon Smith Jr.
Even the richest person, provided the riches comes from mutually beneficial exchange, does not need to give anything "back" to the community, because this person took nothing out of the community. Indeed, the reverse is true: Enterprises give to the community. Their owners take huge risks, and front the money for investment, precisely with the goal of serving others. Their riches are signs that they have achieved their aims.
Jeffrey Tucker
The key enterprising skills I used when first starting out are the very same ones I use today: the art of delegation, risk-taking, surrounding yourself with a great team and working on projects you really believe in.
Richard Branson (Finding My Virginity: The New Autobiography)
1. The Will to Truth, which is to tempt us to many a hazardous enterprise, the famous Truthfulness of which all philosophers have hitherto spoken with respect, what questions has this Will to Truth not laid before us! What strange, perplexing, questionable questions! It is already a long story; yet it seems as if it were hardly commenced. Is it any wonder if we at last grow distrustful, lose patience, and turn impatiently away? That this Sphinx teaches us at last to ask questions ourselves? WHO is it really that puts questions to us here? WHAT really is this "Will to Truth" in us? In fact we made a long halt at the question as to the origin of this Will—until at last we came to an absolute standstill before a yet more fundamental question. We inquired about the VALUE of this Will. Granted that we want the truth: WHY NOT RATHER untruth? And uncertainty? Even ignorance? The problem of the value of truth presented itself before us—or was it we who presented ourselves before the problem? Which of us is the Oedipus here? Which the Sphinx? It would seem to be a rendezvous of questions and notes of interrogation. And could it be believed that it at last seems to us as if the problem had never been propounded before, as if we were the first to discern it, get a sight of it, and RISK RAISING it? For there is risk in raising it, perhaps there is no greater risk.
Friedrich Nietzsche (Beyond Good and Evil)
Delegation means that he will concern himself with the results of their activities and not with the details of their day-to-day performance. This requires a degree of confidence in them which enables him to accept certain risks. Unless he takes these risks there will be no delegation.
Douglas McGregor (The Human Side of Enterprise)
Don’t strive to be a well-rounded leader. Instead, discover your zone and stay there. Then delegate everything else. Admitting a weakness is a sign of strength. Acknowledging weakness doesn’t make a leader less effective. Everybody in your organization benefits when you delegate responsibilities that fall outside your core competency. Thoughtful delegation will allow someone else in your organization to shine. Your weakness is someone’s opportunity. Leadership is not always about getting things done “right.” Leadership is about getting things done through other people. The people who follow us are exactly where we have led them. If there is no one to whom we can delegate, it is our own fault. As a leader, gifted by God to do a few things well, it is not right for you to attempt to do everything. Upgrade your performance by playing to your strengths and delegating your weaknesses. There are many things I can do, but I have to narrow it down to the one thing I must do. The secret of concentration is elimination. Devoting a little of yourself to everything means committing a great deal of yourself to nothing. My competence in these areas defines my success as a pastor. A sixty-hour workweek will not compensate for a poorly delivered sermon. People don’t show up on Sunday morning because I am a good pastor (leader, shepherd, counselor). In my world, it is my communication skills that make the difference. So that is where I focus my time. To develop a competent team, help the leaders in your organization discover their leadership competencies and delegate accordingly. Once you step outside your zone, don’t attempt to lead. Follow. The less you do, the more you will accomplish. Only those leaders who act boldly in times of crisis and change are willingly followed. Accepting the status quo is the equivalent of accepting a death sentence. Where there’s no progress, there’s no growth. If there’s no growth, there’s no life. Environments void of change are eventually void of life. So leaders find themselves in the precarious and often career-jeopardizing position of being the one to draw attention to the need for change. Consequently, courage is a nonnegotiable quality for the next generation leader. The leader is the one who has the courage to act on what he sees. A leader is someone who has the courage to say publicly what everybody else is whispering privately. It is not his insight that sets the leader apart from the crowd. It is his courage to act on what he sees, to speak up when everyone else is silent. Next generation leaders are those who would rather challenge what needs to change and pay the price than remain silent and die on the inside. The first person to step out in a new direction is viewed as the leader. And being the first to step out requires courage. In this way, courage establishes leadership. Leadership requires the courage to walk in the dark. The darkness is the uncertainty that always accompanies change. The mystery of whether or not a new enterprise will pan out. The reservation everyone initially feels when a new idea is introduced. The risk of being wrong. Many who lack the courage to forge ahead alone yearn for someone to take the first step, to go first, to show the way. It could be argued that the dark provides the optimal context for leadership. After all, if the pathway to the future were well lit, it would be crowded. Fear has kept many would-be leaders on the sidelines, while good opportunities paraded by. They didn’t lack insight. They lacked courage. Leaders are not always the first to see the need for change, but they are the first to act. Leadership is about moving boldly into the future in spite of uncertainty and risk. You can’t lead without taking risk. You won’t take risk without courage. Courage is essential to leadership.
Andy Stanley (Next Generation Leader: 5 Essentials for Those Who Will Shape the Future)
The price of arduous and heroic achievement is toil and fatigue. To risk one’s life, even to lose it, is to win renown; for fear is infamous, and the refusal to give way to it, though it may shorten our earthly span, bestows on us the longer life of fame. I have chosen you from among all my people for such an enterprise as is your due. It promises great hardships, but honour and glory as well; and I know that for my sake you will bear all lightly.
Luís de Camões (The Lusiads)
The more highly competitive the market for labor and for the employer’s products, the higher the cost paid for discrimination and consequently the less leeway the employer has for indulging his prejudices without risking his own profits and ultimately the financial survival of the business. On the other hand, enterprises not subject to the full stress of a competitive market—monopolies, non-profit enterprises, government agencies—have greater leeway.
Thomas Sowell (Economic Facts and Fallacies)
Consumers love novelty; businesses just call it risk
Ben Yoskovitz
Enterprise is driven to a great extent by a pure love of risk taking.
John Coates (The Hour Between Dog and Wolf: How Risk Taking Transforms Us, Body and Mind)
Those who take risks should be rewarded commensurately with the value of their contributions to successful business enterprise.
David Gottstein (A More Perfect Union: Unifying Ideas for a Divided America)
Beyond participating in Dostoevsky’s creative work as his stenographer, first reader, and editor, his wife Anna also controlled all other aspects of their publishing enterprise.
Andrew D. Kaufman (The Gambler Wife: A True Story of Love, Risk, and the Woman Who Saved Dostoyevsky)
Happiness is not a tangible thing, it’s a byproduct of achievement. Achievement must be made against the possibility of failure, against the risk of defeat. It is no achievement to walk a tightrope laid flat on the floor. Where there is no risk, there can be no pride in achievement and, consequently, no happiness. The only way we can advance is by going forward, individually and collectively, in the spirit of the pioneer. We must take the risks involved in our free enterprise system. This is the only way in the world to economic freedom. There is no other way.
Ray Kroc (Grinding It Out: The Making of McDonald's)
the leaders of enterprises who make unsound bets do not do so because they are betting with other people’s money. On the contrary, they take greater risks when they personally have more at stake.
Daniel Kahneman (Thinking, Fast and Slow)
queenly enterprise indeed. But it all comes down to this one truth: You are a lady of action, and I am a man of same. We excel at risks and trickery, and won’t hesitate to use them if it’s the only way to preserve what we love.
A.G. Howard (Ensnared (Splintered, #3))
With courage, there is the willingness to take chances and to let go of former securities. There is the willingness to grow and benefit from new experiences. This involves the capacity to admit mistakes without indulging in guilt and self-recrimination. Our sense of self-worth is not diminished by looking at areas that need improvement. We are able to admit the presence of problems without being diminished. As a result, energy, time, and effort are put into self-improvement. On this level, statements of intention and purpose are much more powerful and envisioned results tend to manifest. We are much more enterprising and creative, because our energies are not drained by the constant preoccupation with emotional or physical survival. Because of greater flexibility, there is a willingness to examine issues with a view to changing overall meaning and context. There is a willingness to risk shifting paradigms.
David R. Hawkins (Letting Go: The Pathway of Surrender)
I could say 'I love you'—and I do." Raising his lids, he met her gaze. "But it's not that simple… not for me. I never wanted a wife." He drew in a breath. "I never wanted to love—not you, not any woman. I never wanted to risk it—never wanted to be forced to find out if I could handle the strain. In my family, loving's not easy—it's not a simple sunny thing that makes one merely happy. Love for us—for me—was always going to be dramatic—powerful, unsettling—an ungovernable force. A force that controls me, not the other way about. I knew I wouldn't like it—" His eyes met hers. "And I don't. But… it isn't, it appears, something I have a choice about." His lips twisted. "I thought I was safe—that I had defenses in place, strong and inviolable, far too steely for any mere woman to break through. And none did,“not for years." He paused. "Until you. "I can't remember inviting you in, or ever opening the gates—I just turned around one day and you were there—a part of me." He hesitated, studying her eyes, then his face hardened, his voice deepened. "I don't know what will convince you, but I won't ever let you go. You're mine—the only woman I could ever imagine marrying. You can share my life. You know a hock from a fetlock—you know as much about riding as I do. You can be a partner in my enterprises, not a distant spectator standing at the periphery. You'll stand at the center of it all, by my side.
Stephanie Laurens (A Rogue's Proposal (Cynster, #4))
Michael Ledeen—a contributing editor of National Review and a Freedom Scholar at the influential neoconservative think tank American Enterprise Institute—wrote on the National Review blog in November 2006: 'I had and have no involvement with our Iraq policy'. I opposed the military invasion of Iraq before it took place.' Ledeen, however, wrote in August 2002 of 'the desperately-needed and long overdue war against Saddam Hussein' and when he was interviewed for Front Page Magazine the same month and asked, 'Okay, well if we are all so certain about the dire need to invade Iraq, then when do we do so?' Ledeen replied: 'Yesterday.' There is obvious, substantial risk in falsely claiming that one opposed the Iraq War notwithstanding a public record of support. But that war has come to be viewed as such a profound failure that that risk, at least in the eyes of some, is outweighed by the prospect of being associated with Bush's invasion.
Glenn Greenwald (A Tragic Legacy: How a Good vs. Evil Mentality Destroyed the Bush Presidency)
Hillary, if you really want to know what happened, here’s a hint: he won, you lost! You lost because you were a lousy candidate, you didn’t have a message, and you lied just about every time you opened your mouth. You put our national security at risk with your email setup, and ran a foundation that was nothing more than an organized “pay to play” enterprise parading as a charity. Four men died in the attack in Benghazi under your watch as you lied about what caused it.
Jeanine Pirro (Liars, Leakers, and Liberals: The Case Against the Anti-Trump Conspiracy)
Religion, then, is far from "useless." It humanizes violence; it protects man from his own violence by taking it out of his hands, transforming it into a transcendent and ever-present danger to be kept in check by the appropriate rites appropriately observed and by a modest and prudent demeanor. Religious misinterpretation is a truly constructive force, for it purges man of the suspicions that would poison his existence if he were to remain conscious of the crisis as it actually took place. To think religiously is to envision the city's destiny in terms of that violence whose mastery over man increases as man believes he has gained mastery over it. To think religiously (in the primitive sense) is to see violence as something superhuman, to be kept always at a distance and ultimately renounced. When the fearful adoration of this power begins to diminish and all distinctions begin to disappear, the ritual sacrifices lose their force; their potency is not longer recognized by the entire community. Each member tries to correct the situation individually, and none succeeds. The withering away of the transcendental influence means that there is no longer the slightest difference between a desire to save the city and unbridled ambition, between genuine piety and the desire to claim divine status for oneself. Everyone looks on a rival enterprise as evidence of blasphemous designs. Men set to quarreling about the gods, and their skepticism leads to a new sacrificial crisis that will appear - retrospectively, in the light of a new manifestation of unanimous violence - as a new act of divine intervention and divine revenge. Men would not be able to shake loose the violence between them, to make of it a separate entity both sovereign and redemptory, without the surrogate victim. Also, violence itself offers a sort of respite, the fresh beginning of a cycle of ritual after a cycle of violence. Violence will come to an end only after it has had the last word and that word has been accepted as divine. The meaning of this word must remain hidden, the mechanism of unanimity remain concealed. For religion protects man as long as its ultimate foundations are not revealed. To drive the monster from its secret lair is to risk loosing it on mankind. To remove men's ignorance is only to risk exposing them to an even greater peril. The only barrier against human violence is raised on misconception. In fact, the sacrificial crisis is simply another form of that knowledge which grows grater as the reciprocal violence grows more intense but which never leads to the whole truth. It is the knowledge of violence, along with the violence itself, that the act of expulsion succeeds in shunting outside the realm of consciousness. From the very fact that it belies the overt mythological messages, tragic drama opens a vast abyss before the poet; but he always draws back at the last moment. He is exposed to a form of hubris more dangerous than any contracted by his characters; it has to do with a truth that is felt to be infinitely destructive, even if it is not fully understood - and its destructiveness is as obvious to ancient religious thought as it is to modern philosophers. Thus we are dealing with an interdiction that still applies to ourselves and that modern thought has not yet invalidated. The fact that this secret has been subjected to exceptional pressure in the play [Bacchae] must prompt the following lines: May our thoughts never aspire to anything higher than laws! What does it cost man to acknowledge the full sovereignty of the gods? That which has always been held as true owes its strength to Nature.
René Girard (Violence and the Sacred)
Conservatism is far from what I’m aiming at in proclaiming the establishment of a Sethian left-hand path tradition in the West as one of the first missions of the SLM. In fact, in establishing such a tradition, true to the spirit of sacred transgression and holy subversion that is essential to both Seth and the left-hand path, we are opening a door that enlightens through endangerment, that awakens through risk and peril: this is a radical (from Latin radix, root, implying how deep a change is required) enterprise that is the very opposite of conservatism.” --“From the Eye of the Storm” (Zeena's column as Hemet-Neter Tepi Seth for the SLM), Volume I - Summer Solstice issue (2003): "Building a Sethian Left-Hand Path Tradition in the West.
Zeena Schreck (Demons of the Flesh: The Complete Guide to Left Hand Path Sex Magic)
I think we must only a few of us go," Laurence said, low. "I will take a few volunteers - " "Oh, the devil you will!" Granby exclaimed furiously. "No, this time I damned well put my foot down, Laurence. Send you off to go scrambling about in that warren with no notion where you are going, and nothing more likely than running into a dozen guards round every corner; I should like to see myself do it. I am not going back to England to tell them I sat about twiddling my thumbs whilst you got yourself cut to pieces. Temeraire, you are not to let him go, do you hear me? He is sure to be killed; I give you my word." "If the party are sure to be killed, I am not going to let anyone go!" Temeraire said, in high alarm, and sat up sharp, quite prepared to physically hold anyone back who made an attempt to leave. "Temeraire, this is plain exaggeration," Laurence said. "Mr. Granby, you overstate the case, and you overstep your bounds." "Well, I don't," Granby said defiantly. "I have bit my tongue a dozen times over, because I know it is wretched hard to sit about watching and you haven't been trained up to it, but you are a captain, and you must be more careful of your neck. It isn't only your own but the Corps' affair if you snuff it, and mine too." "If I may," Tharkay said quietly, interrupting when Laurence would have remonstrated further with Granby, "I will go; alone I am reasonably sure I can find a way to the eggs, without rousing any alarm, and then I can return and guide the rest of the party there." "Tharkay," Laurence said, "this is no service you owe us; I would not order even a man under oath of arms to undertake it, without he were willing." "But I am willing," Tharkay gave his faint half-smile, "and more likely to come back whole from it than anyone else here." "At the cost of running thrice the risk, going and coming back and going again," Laurence said, "with a fresh chance of running into the guards every time through." "So it is very dangerous, then," Temeraire said, overhearing to too much purpose, and pricking up his ruff further. "You are not to go, at all, Granby is quite right; and neither is anyone else." "Oh, Hell," Laurence said, under his breath. "It seems there is very little alternative to my going," Tharkay said. "Not you either!" Temeraire contradicted, to Tharkay's startlement, and settled down as mulish as a dragon could look; and Granby had folded his arms and wore an expression very similar. Laurence had ordinarily very little inclination to profanity, but he was sorely tempted on this occasion. An appeal to Temeraire's reason might sway him to allow a party to make the attempt, if he could be persuaded to accept the risk as necessary for the gain, like a battle; but he would surely balk at seeing Laurence go, and Laurence had not the least intention of sending men on so deadly an enterprise if he were not going himself, Corps rules be damned.
Naomi Novik (Black Powder War (Temeraire, #3))
The shareholders who financed the risk taking had no real understanding of what the risk takers were doing, and, as the risk taking grew ever more complex, their understanding diminished. All that was clear was that the profits to be had from smart people making complicated bets overwhelmed anything that could be had from servicing customers, or allocating capital to productive enterprise.
Michael Lewis (The Big Short: Inside the Doomsday Machine)
Those involved in mental as opposed to physical effort or who carry the responsibilities of management are presumed to require a higher payment for their submission to the purposes of organization than those who render only physical or manual service, however adept or talented that may be. This is because there is profound difference in the nature and extent of the submission that is made. The person on the shop floor or its equivalent gives more or less diligent and deft physical effort for a specified number of hours a day. Beyond that nothing in principle--not thought, certainly not conformity of speech or behavior--is expected. Of the high corporate executive a more complete submission to the purposes of the organization is usually required. He (or she) must speak and also think well of the aims of the enterprise; he may never in public and not wisely in private raise doubt as to the depth and sincerity of his own commitment. Many factors determine his large, often very large, compensation, including the need to pay for the years of preparation, for the considerable intelligence that is requires, for the responsibility that is carried, and for the alleged risks of high position. As a practical matter, his rate of pay is also influenced by the significant and highly convenient role the executive plays in establishing it; much that accrues to the senior corporate executive is in response to his own inspired generosity. But there is also payment for the comprehensive submission of his individual personality to that of the corporation. It is no slight thing to give up one's self and self-expression to the collective personality of one's employer.
John Kenneth Galbraith (The Anatomy of Power)
… To many biologists, cloning is all sizzle and no substance, a high-tech spectacle that fails to address habitat loss, poaching, pollution, and the other human activities that put wildlife at risk in the first place… But the time for first resorts has come and gone, and safeguarding species is an all-hands-on-deck enterprise. … Cloning won’t be a cure-all, but given the state of the planet, it can’t hurt to have options.
Emily Anthes (Frankenstein's Cat: Cuddling Up to Biotech's Brave New Beasts)
A staunch determinist might argue that between a magazine in a democratic country applying financial pressure to its contributors to make them exude what is required by the so-called reading public—between this and the more direct pressure which a police state brings to bear in order to make the author round out his novel with a suitable political message, it may be argued that between the two pressures there is only a difference of degree; but this is not so for the simple reason that there are many different periodicals and philosophies in a free country but only one government in a dictatorship. It is a difference in quality. If I, an American writer, decide to write an unconventional novel about, say, a happy atheist, an independent Bostonian, who marries a beautiful Negro girl, also an atheist, has lots of children, cute little agnostics, and lives a happy, good, and gentle life to the age of 106, when he blissfully dies in his sleep — it is quite possible that despite your brilliant talent, Mr. Nabokov, we feel [in such cases we don't think, we feel] that no American publisher could risk bringing out such a book simply because no bookseller would want to handle it. This is a publisher's opinion, and everybody has the right to have an opinion. Nobody would exile me to the wilds of Alaska for having my happy atheist published after all by some shady experimental firm; and on the other hand, authors in America are never ordered by the government to produce magnificent novels about the joys of free enterprise and of morning prayers.
Vladimir Nabokov (Lectures on Russian Literature)
The most prominent characteristic of capitalism is the wage system, which in brief amounts to this: — A man, or a group of men, possessing the necessary capital, starts some industrial enterprise; he undertakes to supply the factory or workshops with raw material, to organize production, to pay the employés a fixed wage, and lastly, to pocket the surplus value or profits, under pretext of recouping himself for managing the concern, for running the risks it may involve, and for the fluctuations of price in the market value of the wares.
Pyotr Kropotkin (The Conquest of Bread: The Founding Book of Anarchism)
To leave the household, originally in order to embark upon some adventure and glorious enterprise and later simply to devote one’s life to the affairs of the city, demanded courage because only in the household was one primarily concerned with one’s own life and survival. Whoever entered the political realm had first to be ready to risk his life, and too great a love for life obstructed freedom, was a sure sign of slavishness.30 Courage therefore became the political virtue par excellence, and only those men who possessed it could be admitted to a fellowship that was political in content and purpose and thereby transcended the mere togetherness imposed on all—slaves, barbarians, and Greeks alike—through the urgencies of life.31 The “good life,” as Aristotle called the life of the citizen, therefore was not merely better, more carefree or nobler than ordinary life, but of an altogether different quality. It was “good” to the extent that by having mastered the necessities of sheer life, by being freed from labor and work, and by overcoming the innate urge of all living creatures for their own survival, it was no longer bound to the biological life process. At
Hannah Arendt (The Human Condition)
Surely misfortune could scarcely have exceeded this last blow. We arrived within 11 miles of our old One Ton Camp with fuel for one last meal and food for two days. For four days we have been unable to leave the tent - the gale howling about us. We are weak, writing is difficult, but for my own sake I do not regret this journey, which has shown that Englishmen can endure hardships , help one another, and meet death with as great a fortitude as ever in the past. We took risks, we knew we took them; things have come out against us, and therefore we have no cause for complaint, but bow to the will of Providence, determined still to do our best to the last. But if we have been willing to give our lives to this enterprise, which is for the honor of our country, I appeal to our countrymen to see that those who depend on us are properly cared for. Had we lived, I should have had a tale to tell of the hardihood, endurance, and courage of my companions which would have stirred the heart of every Englishman. These rough notes and our dead bodies must tell the tale, but surely, surely, a great rich country like ours will see that those who are dependent on us are properly provided for.
Robert Falcon Scott (Last expedition Volume 2)
A failure or so, in itself, would not matter, if it did not incur a loss of self-esteem and of self-confidence. But just as nothing succeeds like success, so nothing fails like failure. Most people who are ruined are ruined by attempting too much. Therefore, in setting out on the immense enterprise of living fully and comfortably within the narrow limits of twenty-four hours a day, let us avoid at any cost the risk of an early failure. I will not agree that, in this business at any rate, a glorious failure is better than a petty success. I am all for the petty success. A glorious failure leads to nothing; a petty success may lead to a success that is not petty.
Arnold Bennett (How to Live on 24 Hours a Day)
We’ve relegated death, birth, and even making music to the professionals…all things that, until a few generations ago, used to be done by regular people like us in the home. What used to be natural — giving birth, playing instruments and singing, and dying among loved ones who will lovingly lay our bodies out in the parlor to be honored by those who loved us — is now a commercial enterprise. Not that I’m ungrateful for a lower infant mortality rate or the safety that women in high-risk pregnancies now enjoy, and not that I don’t love hearing professionally recorded music. But I do wonder if we lost more than we realized when we started hiring professionals to do for us what we used to do for ourselves.
Nadia Bolz-Weber (Accidental Saints: Finding God in All the Wrong People)
Peacekeeping is a soldier-intensive business in which the quality of troops matters as much as the quantity. It is not just soldiering under a different color helmet; it differs in kind from anything else soldiers do. The are medals and rewards (mainly, the satisfaction of saving lives), but there are also casualties. And no victories. It is not a risk -free enterprise. In Bosnia, mines, snipers, mountainous terrain, extreme weather conditions, and possible civil disturbances were major threats that had to be dealt with from the outset of the operation. Dag Hammarskjold once remarked, "Peacekeeping is a job not suited to soldiers, but a job only soldiers can do." Humanitarianism conflicts with peacekeeping and still more with peace enforcement. The threat of force, if it is to be effective, will sooner or later involve the use of force. For example, the same UN soldiers in Bosnia under a different command and mandate essentially turned belligerence into compliance over night, demonstrating that a credible threat of force can yield results. Unlike, UNPROFOR, the NATO-led Implementation Force was a military success and helped bring stability to the region and to provide an "environment of hope" in which a nation can be reborn. It is now up to a complex array of international civil agencies to assist in putting in place lasting structures for democratic government and the will of the international community to ensure a lasting peace.
Larry Wentz
Patriotism comes from the same Latin word as father. Blind patriotism is collective transference. In it the state becomes a parent and we citizens submit our loyalty to ensure its protection. We may have been encouraged to make that bargain from our public school education, our family home, religion, or culture in general. We associate safety with obedience to authority, for example, going along with government policies. We then make duty, as it is defined by the nation, our unquestioned course. Our motivation is usually not love of country but fear of being without a country that will defend us and our property. Connection is all-important to us; excommunication is the equivalent of death, the finality we can’t dispute. Healthy adult loyalty is a virtue that does not become blind obedience for fear of losing connection, nor total devotion so that we lose our boundaries. Our civil obedience can be so firm that it may take precedence over our concern for those we love, even our children. Here is an example: A young mother is told by the doctor that her toddler is allergic to peanuts and peanut oil. She lets the school know of her son’s allergy when he goes to kindergarten. Throughout his childhood, she is vigilant and makes sure he is safe from peanuts in any form. Eighteen years later, there is a war and he is drafted. The same mother, who was so scrupulously careful about her child’s safety, now waves goodbye to him with a tear but without protest. Mother’s own training in public school and throughout her life has made her believe that her son’s life is expendable whether or not the war in question is just. “Patriotism” is so deeply ingrained in her that she does not even imagine an alternative, even when her son’s life is at stake. It is of course also true that, biologically, parents are ready to let children go just as the state is ready to draft them. What a cunning synchronic-ity. In addition, old men who decide on war take advantage of the timing too. The warrior archetype is lively in eighteen-year-olds, who are willing to fight. Those in their mid-thirties, whose archetype is being a householder and making a mark in their chosen field, will not show an interest in battlefields of blood. The chiefs count on the fact that young braves will take the warrior myth literally rather than as a metaphor for interior battles. They will be willing to put their lives on the line to live out the collective myth of societies that have not found the path of nonviolence. Our collective nature thus seems geared to making war a workable enterprise. In some people, peacemaking is the archetype most in evidence. Nature seems to have made that population smaller, unfortunately. Our culture has trained us to endure and tolerate, not to protest and rebel. Every cell of our bodies learned that lesson. It may not be virtue; it may be fear. We may believe that showing anger is dangerous, because it opposes the authority we are obliged to appease and placate if we are to survive. This explains why we so admire someone who dares to say no and to stand up or even to die for what he believes. That person did not fall prey to the collective seduction. Watching Jeopardy on television, I notice that the audience applauds with special force when a contestant risks everything on a double-jeopardy question. The healthy part of us ardently admires daring. In our positive shadow, our admiration reflects our own disavowed or hidden potential. We, too, have it in us to dare. We can stand up for our truth, putting every comfort on the line, if only we can calm our long-scared ego and open to the part of us that wants to live free. Joseph Campbell says encouragingly, “The part of us that wants to become is fearless.” Religion and Transference Transference is not simply horizontal, from person to person, but vertical from person to a higher power, usually personified as God. When
David Richo (When the Past Is Present: Healing the Emotional Wounds that Sabotage our Relationships)
Also, even if technocrats provide reasonable estimates of a risk, which itself is an iffy enterprise, they cannot dictate what level of risk people ought to accept. People might object to a nuclear power plant that has a minuscule risk of a meltdown not because they overestimate the risk, but because they feel that the cost of a catastrophe, no matter how remote, are too dreadful. And of course any of these trade-offs may be unacceptable if people perceive that the benefits would go to the wealthy and powerful while they themselves absorb the risks. Nonetheless, understanding the difference between our best science and our ancient ways of thinking can only make our individual and collective decisions better informed. It can help scientists and journalists explain a new technology in the face of the most common misunderstandings. And it can help all of us understand the technology so that we can accept or reject it on grounds that we can justify to ourselves and to others.
Steven Pinker (The Blank Slate: The Modern Denial of Human Nature)
As she pondered how to reply, she thought of a conversation she'd once had with her father, the most sensible man who'd ever existed. They'd been talking about various problems she'd faced after taking the reins at Sterling Enterprises, and she'd asked how he knew whether a risk was worth taking. Her father had said, "Before taking a risk, begin by asking yourself what's important to you." Time, Merritt thought. Life is full of wasted time. She hadn't realized it until now, but her awareness of squandered time had been growing during the past year, eroding her usual patience. So many rules had been invented to keep people apart and wall off every natural instinct. She was tired of them. She had started to resent all the invisible barriers between herself and what she wanted. It occurred to her this must be how her mother often felt. As a strong-willed young heiress, Mama had come to England with her younger sister, Aunt Daisy, when no gentlemen in New York had been willing to offer for either of them. Wallflowers, both of them, chafing at the limitations of polite behavior. Even now, Mama spoke and acted a little too freely at times, but Papa seemed to enjoy it.
Lisa Kleypas (Devil in Disguise (The Ravenels, #7))
Only as a young man playing pool all night for money had he been able to find what he wanted in life, and then only briefly. People thought pool hustling was corrupt and sleazy, worse than boxing. But to win at pool, to be a professional at it, you had to deliver. In a business you could pretend that skill and determination had brought you along, when it had only been luck and muddle. A pool hustler did not have the freedom to believe that. There were well-paid incompetents everywhere living rich lives. They arrogated to themselves the plush hotel suites and Lear Jets that America provided for the guileful and lucky far more than it did for the wise. You could fake and bluff and luck your way into all of it. Hotel suites overlooking Caribbean private beaches. Bl*wj*bs from women of stunning beauty. Restaurant meals that it took four tuxedoed waiters to serve, with the sauces just right. The lamb or duck in tureen sliced with precise and elegant thinness, sitting just so on the plate, the plate facing you just so on the heavy white linen, the silver fork heavy gleaming in your manicured hand below the broad cloth cuff and mother of pearl buttons. You could get that from luck and deceit even while causing the business or the army or the government that supported you to do poorly at what it did. The world and all its enterprises could slide downhill through stupidity and bad faith. But the long gray limousines would still hum through the streets of New York, of Paris, of Moscow, of Tokyo. Though the men who sat against the soft leather in back with their glasses of 12-year-old scotch might be incapable of anything more than looking important, of wearing the clothes and the hair cuts and the gestures that the world, whether it liked to or not, paid for, and always had paid for. Eddie would lie in bed sometimes at night and think these things in anger, knowing that beneath the anger envy lay like a swamp. A pool hustler had to do what he claimed to be able to do. The risks he took were not underwritten. His skill on the arena of green cloth, cloth that was itself the color of money, could never be only pretense. Pool players were often cheats and liars, petty men whose lives were filled with pretensions, who ran out on their women and walked away from their debts. But on the table with the lights overhead beneath the cigarette smoke and the silent crowd around them in whatever dive of a billiard parlor at four in the morning, they had to find the wherewithal inside themselves to do more than promise excellence. Under whatever lies might fill the life, the excellence had to be there, it had to be delivered. It could not be faked. But Eddie did not make his living that way anymore.
Walter Tevis (The Color of Money (Eddie Felson, #2))
If the symbolic father is often lurking behind the boss--which is why one speaks of 'paternalism' in various kinds of enterprises--there also often is, in a most concrete fashion, a boss or hierarchic superior behind the real father. In the unconscious, paternal functions are inseparable from the socio-professional and cultural involvements which sustain them. Behind the mother, whether real or symbolic, a certain type of feminine condition exists, in a socially defined imaginary context. Must I point out that children do not grow up cut off from the world, even within the family womb? The family is permeable to environmental forces and exterior influences. Collective infrastructures, like the media and advertising, never cease to interfere with the most intimate levels of subjective life. The unconscious is not something that exists by itself to be gotten hold of through intimate discourse. In fact, it is only a rhizome of machinic interactions, a link to power systems and power relations that surround us. As such, unconscious processes cannot be analyzed in terms of specific content or structural syntax, but rather in terms of enunciation, of collective enunciative arrangements, which, by definition, correspond neither to biological individuals nor to structural paradigms... The customary psychoanalytical family-based reductions of the unconscious are not 'errors.' They correspond to a particular kind of collective enunciative arrangement. In relation to unconscious formation, they proceed from the particular micropolitics of capitalistic societal organization. An overly diversified, overly creative machinic unconscious would exceed the limits of 'good behavior' within the relations of production founded upon social exploitation and segregation. This is why our societies grant a special position to those who specialize in recentering the unconscious onto the individuated subject, onto partially reified objects, where methods of containment prevent its expansion beyond dominant realities and significations. The impact of the scientific aspirations of techniques like psychoanalysis and family therapy should be considered as a gigantic industry for the normalization, adaption and organized division of the socius. The workings of the social division of labor, the assignment of individuals to particular productive tasks, no longer depend solely on means of direct coercion, or capitalistic systems of semiotization (the monetary remuneration based on profit, etc.). They depend just as fundamentally on techniques modeling the unconscious through social infrastructures, the mass media, and different psychological and behavioral devices...Even the outcome of the class struggle of the oppressed--the fact that they constantly risk being sucked into relations of domination--appears to be linked to such a perspective.
Félix Guattari (Chaosophy: Texts and Interviews 1972–1977)
Peugeot belongs to a particular genre of legal fictions called ‘limited liability companies’. The idea behind such companies is among humanity’s most ingenious inventions. Homo sapiens lived for untold millennia without them. During most of recorded history property could be owned only by flesh-and-blood humans, the kind that stood on two legs and had big brains. If in thirteenth-century France Jean set up a wagon-manufacturing workshop, he himself was the business. If a wagon he’d made broke down a week after purchase, the disgruntled buyer would have sued Jean personally. If Jean had borrowed 1,000 gold coins to set up his workshop and the business failed, he would have had to repay the loan by selling his private property – his house, his cow, his land. He might even have had to sell his children into servitude. If he couldn’t cover the debt, he could be thrown in prison by the state or enslaved by his creditors. He was fully liable, without limit, for all obligations incurred by his workshop. If you had lived back then, you would probably have thought twice before you opened an enterprise of your own. And indeed this legal situation discouraged entrepreneurship. People were afraid to start new businesses and take economic risks. It hardly seemed worth taking the chance that their families could end up utterly destitute. This is why people began collectively to imagine the existence of limited liability companies. Such companies were legally independent of the people who set them up, or invested money in them, or managed them. Over the last few centuries such companies have become the main players in the economic arena, and we have grown so used to them that we forget they exist only in our imagination.
Yuval Noah Harari (Sapiens: A Brief History of Humankind)
Oh, it’s perfectly safe to handle if somebody else has triggered the curse and you took it from their still-smoking body.” Eve paused. “Or if they sold it to you.” “You bought it, didn’t you?” Imp walked towards her. “Didn’t you?” “I think so. I may have screwed up that side of things,” Eve admitted. “It’s unclear.” “What’s unclear?” “It was up for auction: obvs, right? But it’s not clear that the person auctioning the location of the manuscript actually owned what they were selling, that’s the thing. Also, ancient death spells and intellectual property law don’t always play nice together. I, uh, my boss has a standard procedure he has me follow in cases of handling blackmail and extortion. We pay the ransom, then once we’ve destroyed the threat I repossess the payment from the blackmailer’s bank account. Via a Transnistrian mafiya underwriter—” This time it was Wendy who interrupted: “The Russian mafiya has underwriters?” “Transnistrian, please, and yes, criminal business models are inherently expensive because they have to pay for their own guard labor—there are no tax overheads, but no police protection for carrying out business, either—so of course they evolved parallel structures for risk management, mostly by embedding the risk in a concrete slab and dumping it in the harbor—anyway. At what stage does the book consider itself to have been legitimately acquired? And by whom? Is it safe for you to handle it, as my employee? What about as an independent freelance contractor not subject to the HMRC IR35 regulations? Am I an acceptable proxy for Bigge Enterprises, a Scottish Limited Liability Partnership domiciled in the Channel Islands, in the view of a particularly dim-witted nineteenth-century death spell attached to a codex bound in human skin by a mad inquisitor? It’s like digital rights management magic, only worse.
Charles Stross (Dead Lies Dreaming (Laundry Files #10; The New Management, #1))
(Corinthians:) They (Athenians) are revolutionary, equally quick in the conception and in the execution of every new plan; while you are conservative— careful only to keep what you have, originating nothing, and not acting even when action is most urgent. They are bold beyond their strength; they run risks which prudence would condemn; and in the midst of misfortune they are full of hope. Whereas it is your nature, though strong, to act feebly; when your plans are most prudent, to distrust them; and when calamities come upon you, to think that you will never be delivered from them. They are impetuous, and you are dilatory; they are always abroad, and you are always at home. For they hope to gain something by leaving their homes; but you are afraid that any new enterprise may imperil what you have already. When conquerors, they pursue their victory to the utmost; when defeated, they fall back the least. Their bodies they devote to their country as though they belonged to other men; their true self is their mind, which is most truly their own when employed in her service. When they do not carry out an intention which they have formed, they seem to themselves to have sustained a personal bereavement; when an enterprise succeeds, they have gained a mere instalment of what is to come; but if they fail, they at once conceive new hopes and so fill up the void. With them alone to hope is to have, for they lose not a moment in the execution of an idea. This is the lifelong task, full of danger and toil, which they are always imposing upon themselves. None enjoy their good things less, because they are always seeking for more. To do their duty is their only holiday, and they deem the quiet of inaction to be as disagreeable as the most tiresome business. If a man should say of them, in a word, that they were born neither to have peace themselves nor to allow peace to other men, he would simply speak the truth. (Book 1 Chapter 70.2-9)
Thucydides (History of the Peloponnesian War: Books 1-2)
Entrenched myth: Successful leaders in a turbulent world are bold, risk-seeking visionaries. Contrary finding: The best leaders we studied did not have a visionary ability to predict the future. They observed what worked, figured out why it worked, and built upon proven foundations. They were not more risk taking, more bold, more visionary, and more creative than the comparisons. They were more disciplined, more empirical, and more paranoid. Entrenched myth: Innovation distinguishes 10X companies in a fast-moving, uncertain, and chaotic world. Contrary finding: To our surprise, no. Yes, the 10X cases innovated, a lot. But the evidence does not support the premise that 10X companies will necessarily be more innovative than their less successful comparisons; and in some surprise cases, the 10X cases were less innovative. Innovation by itself turns out not to be the trump card we expected; more important is the ability to scale innovation, to blend creativity with discipline. Entrenched myth: A threat-filled world favors the speedy; you’re either the quick or the dead. Contrary finding: The idea that leading in a “fast world” always requires “fast decisions” and “fast action”—and that we should embrace an overall ethos of “Fast! Fast! Fast!”—is a good way to get killed. 10X leaders figure out when to go fast, and when not to. Entrenched myth: Radical change on the outside requires radical change on the inside. Contrary finding: The 10X cases changed less in reaction to their changing world than the comparison cases. Just because your environment is rocked by dramatic change does not mean that you should inflict radical change upon yourself. Entrenched myth: Great enterprises with 10X success have a lot more good luck. Contrary finding: The 10X companies did not generally have more luck than the comparisons. Both sets had luck—lots of luck, both good and bad—in comparable amounts. The critical question is not whether you’ll have luck, but what you do with the luck that you get.
Jim Collins (Great by Choice: Uncertainty, Chaos and Luck - Why Some Thrive Despite Them All)
leap in the ability to process and data. For the sake of simplicity, this book will focus on the recent past to discuss various stages where information technology, norms, practices, and rules combined to allow for data gathering and sharing within an enterprise and with individuals. Framing and noting the various risks and opportunities within various stages in the Information Age creates a context for the ensuing discussion surrounding the mission and purpose of the privacy engineer and the call to action for the privacy engineer’s manifesto, as presented later in this book.
Michelle Finneran Dennedy (The Privacy Engineer's Manifesto: Getting from Policy to Code to QA to Value)
People with a fixed mindset fear failure as they believe it makes their innate limitations visible to others, whereas those with a growth mindset are less risk averse by seeing failure as an opportunity to learn and develop new skills.
Jez Humble (Lean Enterprise: How High Performance Organizations Innovate at Scale (Lean (O'Reilly)))
So, of the three major risk areas, execution risk remains the only real issue in building a company. How will the enterprise organize itself to maximize performance from its founders and management team? How will it leverage technology and information to create a unique and sustainable advantage and business model? Answering these questions correctly is the key to building a successful Exponential Organization. For this reason, we need to look more closely at each of the steps in building a powerful and effective team.
Salim Ismail (Exponential Organizations: Why new organizations are ten times better, faster, and cheaper than yours (and what to do about it))
Passion. A shared passion for the mission and Founding Idea. ​•​Chemistry. A solid working relationship. Comfortable spending a lot of time together. Similar risk tolerance and commitment level. ​•​Trust. Shared values. Can depend on one another.
Bob Tinker (Survival to Thrival: Building the Enterprise Startup - Book 1 The Company Journey)
But in most fields, incrementalism is merely a lack of audacity and boldness. Maybe you won't lose, but you won't win either. Larger, established enterprises are especially prone to incremental behavior because risks are not rewarded—but screwups are severely punished. Many of these companies end up killing themselves gradually, through stagnation. That's why very few enterprises that were in the Fortune 500 just 50 years ago still exist. A living organism like a business needs to reinvent itself all the time, rather than just consolidate and extend
Frank Slootman (Amp It Up: Leading for Hypergrowth by Raising Expectations, Increasing Urgency, and Elevating Intensity)
Read the notes.Never buy a stock without reading the footnotes to the financial statements in the annual report. Usually labeled “summary of significant accounting policies,” one key note describes how the company recognizes revenue, records inventories, treats installment or contract sales, expenses its marketing costs, and accounts for the other major aspects of its business.7 In the other footnotes, watch for disclosures about debt, stock options, loans to customers, reserves against losses, and other “risk factors” that can take a big chomp out of earnings. Among the things that should make your antennae twitch are technical terms like “capitalized,” “deferred,” and “restructuring”—and plain-English words signaling that the company has altered its accounting practices, like “began,” “change,” and “however.” None of those words mean you should not buy the stock, but all mean that you need to investigate further. Be sure to compare the footnotes with those in the financial statements of at least one firm that’s a close competitor, to see how aggressive your company’s accountants are. Read more. If you are an enterprising investor willing to put plenty of time and energy into your portfolio, then you owe it to yourself to learn more about financial reporting. That’s the only way to minimize your odds of being misled by a shifty earnings statement. Three solid books full of timely and specific examples are Martin Fridson and Fernando Alvarez’s Financial Statement Analysis, Charles Mulford and Eugene Comiskey’s The Financial Numbers Game, and Howard Schilit’s Financial Shenanigans. 8
Benjamin Graham (The Intelligent Investor)
But we will never allow Berkshire to become some monolith that is overrun with committees, budget presentations and multiple layers of management. Instead, we plan to operate as a collection of separately-managed medium-sized and large businesses, most of whose decision-making occurs at the operating level. Charlie and I will limit ourselves to allocating capital, controlling enterprise risk, choosing managers and setting their compensation.
Warren Buffett (Berkshire Hathaway Letters to Shareholders, 2023)
Land plot An Giang Through Homeseek Perspective At the end of 2021 Land of An Giang . From the perspective of real estate supply in the region, Homeseek can see that the COVID-19 pandemic is a risk but also an opportunity for the real estate market. Many real estate enterprises in An Giang have changed their strategy of developing and distributing diverse products such as: Townhouse projects, Land plots, etc. Homeseek passe en revue quelques projets de terrain en suspens à An Giang : PROJET DE LA RIVIÈRE OUEST HAU RIVER PHASE 2 Le point culminant du projet West Song Hau An Giang est l'emplacement privilégié au bord de la rivière qui offrira aux résidents un espace de vie très confortable et frais, de l'air frais et des installations modernes. . Diamond City An Giang reçoit beaucoup d'attention de la part des investisseurs et des clients en raison de son énorme potentiel d'investissement rentable. ПРОЕКТ T&T LONG Xuyen URBAN AREA Проект T&T Long Xuyen разработан в направлении современного и стильного прибрежного городского района. Проект вдохновлен известными европейскими площадями, такими как: Прага (Чешская Республика) или Лиссабон (Португалия), сочетая садовую культуру, характеристики реки через образы западных плавучих рынков, с идеей стать «роскошной европейской улицей». у реки Хау-Зианг », изюминкой отеля является центральная площадь с символом лотоса и 25-этажное здание гостиницы, построенное на языке зеленой архитектуры и отвечающее 5-му стандарту. PROYEKT T&T LONG Xuyen URBAN AREA Proyekt T&T Long Xuyen razrabotan v napravlenii sovremennogo i stil'nogo pribrezhnogo gorodskogo rayona. Proyekt vdokhnovlen izvestnymi yevropeyskimi ploshchadyami, takimi kak: Praga (Cheshskaya Respublika) ili Lissabon (Portugaliya), sochetaya sadovuyu kul'turu, kharakteristiki reki cherez obrazy zapadnykh plavuchikh rynkov, s ideyey stat' «roskoshnoy yevropeyskoy ulitsey». u reki Khau-Ziang », izyuminkoy otelya yavlyayetsya tsentral'naya ploshchad' s simvolom lotosa i 25-etazhnoye zdaniye gostinitsy, postroyennoye na yazyke zelenoy arkhitektury i otvechayushcheye 5-mu standartu. For more information homeseekvn . wordpress . com/2021/10/13/dat-nen-an-giang-qua-goc-nhin-homeseek-vao-cuoi-2021/
Homeseek VN
One of the most disappointing things about our schools and the way we raise our kids is that we don't spend more time teaching kids to take more risks. Instead, we teach them to play it safe. Be good, get good grades, get a good job, and eventually you can have a good retirement. That's the lesson society endorses. But what if that lesson is totally out of date? What if the idea that getting good grades and then going to a good college and then getting a good job represents an outmoded plan? In fact, most of our schools today are based on a model created over a hundred years ago for an industrial society in a world totally different from the one into which most of us were born. Back then, you went to work, punched a clock, did what you were told, and eventually were handed a gold watch (maybe). There was hierarchy and a well-defined system within which to work. Not anymore. Today, ideas created out of thin air can become billion-dollar enterprises. The people who get ahead are the ones who know how to communicate, how to think outside the box and persuade others. Unfortunately, many of our schools are still preparing our kids for the old system. Sit still. Be quiet. Do what you are told and we will give you good grades. Get good grades, get a good job and lifelong security. I'm not suggesting that kids shouldn't get good grades and go to college. Of course they should. But it seems to me that our schools are creating worker bees at a time when society is rewarding entrepreneurs. We need to raise our children to think bigger and more creatively than we did. So ask yourself right now, "What am I teaching my kids about life's challenges?" Are you raising your children to go for their dreams or simply to avoid failure?
David Bach (Smart Women Finish Rich: 9 Steps to Achieving Financial Security and Funding Your Dreams)
May the aggregated statistical aberrations inherent to any high-risk enterprise convolve to facilitate a favorable outcome to this endeavor.
C. Gockel (Savage Stars)
The first video game based on a movie or television series is probably Mike Mayfield’s 1971 text-only game Star Trek, a strategy game about commanding the USS Enterprise against the Klingons. But Mayfield created the game as a hobbyist on a Sigma 7 minicomputer, a device that required as much space as several refrigerators. It hardly seemed to be at risk of becoming a commercial product.
Nick Montfort (Racing the Beam: The Atari Video Computer System (Platform Studies))
Enterprise Risk Management (ERM) involves viewing risk holistically and horizontally across an organization. Both insurable and non-insurable risks are identified across all facets and disciplines of an entity, with the objective to eliminate, ameliorate or transfer such risks—or prepare to accept them.
Al Decker (Enterprise Risk Management - Straight to the Point: An Implementation Guide Function by Function)
There are two widely recognized frameworks for putting ERM into practice: the COSO (Committee of Sponsoring Organizations of the Treadway Commission) Enterprise Risk Management Integrated Framework and the ISO (International Organization for Standardization) Standard 31000: Risk Management Principle and Guidelines. There are some differences between these frameworks, and each has its share of proponents. Regardless of their differences, however, they both provide meaningful structure for ERM within the organization.
Al Decker (Enterprise Risk Management - Straight to the Point: An Implementation Guide Function by Function)
The SWOT component of strategic planning is the first point where strategy and risk management intersect. The product of the ERM process (the identified risks and mitigation plans) can inform the strategic planners—and vice versa. 
Al Decker (Enterprise Risk Management - Straight to the Point: An Implementation Guide Function by Function)
we should consider the concept of the “black swan,” which has attracted a lot of attention since the crash of the US housing bubble in 2008. In his book, The Black Swan: The Impact of the Highly Improbable,1 Nassim Taleb defines a black swan as a hard-to-predict occurrence that nonetheless has an enormous impact on people’s lives.
Al Decker (Enterprise Risk Management - Straight to the Point: An Implementation Guide Function by Function)
An entrepreneurial spirit makes you someone who organizes, manages, and assumes the risks of a business enterprise, talent or calling to become an agent of change.
Archibald Marwizi (Making Success Deliberate)
To succeed and create change, you must be willing to take the risk, with an understanding of a number of key elements. Please begin to understand that an entrepreneurial spirit is not only essential in business enterprise. We all have a business to run in our different areas of specialty. Your life is your business and your family is your business – you have multiple businesses.
Archibald Marwizi (Making Success Deliberate)
GE Beliefs.” A sample belief is the explicit recognition for the need to “Deliver results in an uncertain world,” further described by three key behavioral anchors: We act with urgency, and play to win. We have the courage to make bets others won’t. We use expertise and judgment to manage risk while always acting with integrity.8 Note
Mark Raskino (Digital to the Core: Remastering Leadership for Your Industry, Your Enterprise, and Yourself)
individual does. Here’s the difference: Eventually a leader’s lust for progress overwhelms his reluctance to take risks. In other words, failure to move things forward is the type of failure most feared by the leader. For the leader, failure is defined in terms of missed opportunities rather than failed enterprises.
Andy Stanley (Next Generation Leader)
in the dark. The darkness is the uncertainty that always accompanies change. The mystery of whether or not a new enterprise will pan out. The reservation everyone initially feels when a new idea is introduced. The risk of being wrong. When my children
Andy Stanley (Next Generation Leader)
In most enterprises, around 30%–50% of the total time to market is spent on activity which provides almost zero value in terms of mitigating the risks of our investments. This
Jez Humble (Lean Enterprise: How High Performance Organizations Innovate at Scale (Lean (O'Reilly)))
If you don’t act, someone else will, and you run the risk of being marginalized from this opportunity space,
Mark Raskino (Digital to the Core: Remastering Leadership for Your Industry, Your Enterprise, and Yourself)
I wanted a position that required broad management in a growth enterprise that was doing something I could get excited about. I wanted to be an owner and to be committed to helping a team achieve its goals. Money would be great, but I was happy to be paid based on the value I was bringing to an enterprise, which presumably would be reflected in its success (or failure). The culture of the environment was important to me too. Basically, I wanted to build something. I knew that these factors applied only to those fortunate enough to have significant choices as to what sort of employment they take; most people take what they can get. That said, I figured I was still relatively young and could afford to take some risks and push myself in the direction I wanted to go. I could always declare penance later. By the time I arrived at Manhattan GMAT, I was charged up and ready to make a mark.
Andrew Yang (Smart People Should Build Things: How to Restore Our Culture of Achievement, Build a Path for Entrepreneurs, and Create New Jobs in America)
For example, there’s an uncharacteristic explosion of creativity among accountants. Yes, accountants: Groups like the Thriveal C.P.A. Network and the VeraSage Institute are leading that profession from its roots in near-total risk aversion to something approaching the opposite. Computing may have commoditized much of the industry’s everyday work, but some enterprising accountants are learning how to use some of their biggest assets — the trust of their clients and access to financial data — to provide deep insights into a company’s business. They’re identifying which activities are most profitable, which ones are wasteful and when the former become the latter. Accounting once was entirely backward-looking and, because no one would pay for an audit for fun, dependent on government regulation. It was a cost. Now real-time networked software can make it forward-looking and a source of profit. It’s worth remembering, though, that this process never ends: As soon as accountants discover a new sort of service to provide their customers, some software innovator will be seeking ways to automate it, which means those accountants will work to constantly come up with even newer ideas. The failure loop will
Anonymous
Limiting initial investment and creating resource scarcity is essential to managing the risk of innovation.
Jez Humble (Lean Enterprise: How High Performance Organizations Innovate at Scale (Lean (O'Reilly)))
Visionary leadership is not reactive. It refuses to arrogantly offer the right solution or give the right answer. Rather, leading with vision requires that we relate to people. Dan Allender writes, Leadership is not about problems and decisions; it is a profoundly relational enterprise that seeks to motivate people toward a vision that will require significant change and risk on everyone’s part. Decisions are simply the doors that leaders, as well as followers, walk through to get to the land where redemption can be found.3 Leadership hinges on relationship, and that requires us to risk. And though I’m convinced that visionary, relational leadership is a bedrock Christian posture, we all have a disturbing bent toward relational immaturity. I see how easily I become cynical, dismissive, judgmental, and reactive. I see how quickly I’m tempted to blast back at the person who sends a critical e-mail, or judge the person who doesn’t make progress fast enough, or get impatient with those I manage who don’t accomplish exactly what I think they should. Our journey toward dealing compassionately with difficult people doesn’t simply require us to learn a bit more about others. It also requires us to become better acquainted with ourselves.
Chuck DeGroat (Toughest People to Love: How to Understand, Lead, and Love the Difficult People in Your Life -- Including Yourself)
Romney is right: free enterprise is on trial. But he’s wrong about the question at issue in that trial. It’s not whether America will continue to reward risk taking. It’s whether an economic system can survive when those at the top get giant rewards no matter how badly they screw up while the rest of us get screwed no matter how hard we work.
Robert B. Reich (Beyond Outrage)
I don't have anything against therapy, by the way; it's great for other people. It's just that, personally, I see the enterprise as proceeding from the same premises that cause the problems it seeks to treat. For you guys, what I am, fundamentally, is a closed system, a container of ego and id and biological imperatives. That I'm not may be a fiction, but if I can't imagine a reference point larger than myself, morally speaking, then what's the use?
Garth Risk Hallberg (City on Fire)
systematic gaslighting and vilification of physicians and scientists who dare to challenge vaccine orthodoxies by the government, media, and pharmaceutical enterprises. Since 1998, many other medical practitioners have paid dearly for researching vaccine risks and giving patients options that deviate from the CDC schedule.
Robert F. Kennedy (Vax-Unvax: Let the Science Speak (Children’s Health Defense))
He had indeed taken risks, crazy risks, but more lay dead ahead. Eisenhower was neither philosopher nor military theorist. But he believed that too few commanders grappled with what he called “subjects that touch the human soul—aspirations, ideals, inner beliefs, affection, hatreds.” On such broken ground during the coming weeks and months his captaincy and his cause would be assayed. For more than any other human enterprise, war revealed the mettle of men’s souls.
Rick Atkinson (The Guns at Last Light: The War in Western Europe, 1944-1945 (World War II Liberation Trilogy, #3))
Finding Reliable Bookkeeping Services Near You Maintaining accurate financial records is critical for any business, and bookkeeping services play an essential role in ensuring that your financial data is organized and up-to-date. Whether you run a small business or a large enterprise, outsourcing your bookkeeping to a local professional can save you time, reduce errors, and improve overall financial management. If you’re searching for bookkeeping services near you, finding the right provider can significantly impact your business’s financial health. The Benefits of Local Bookkeeping Services Hiring a local bookkeeping service offers several advantages, starting with personalized attention. Local providers are more familiar with regional tax laws and regulations, which can ensure that your business remains compliant. Additionally, face-to-face meetings are much easier to arrange, allowing for more effective communication and tailored services that meet your specific needs. Moreover, working with a nearby bookkeeping service enables quick access to your financial data and faster problem resolution. Should any questions arise, having someone local means you can address them promptly, improving the efficiency of your financial management. What to Look for in a Bookkeeping Service When searching for bookkeeping services near you, consider their experience and expertise. Professional bookkeepers should be well-versed in various accounting software programs, such as QuickBooks or Xero, and should have experience working with businesses in your industry. Additionally, ensure that the bookkeeping service offers a comprehensive range of services, including managing accounts payable and receivable, reconciling bank statements, and preparing financial reports. Reviews and recommendations from other businesses in your area can provide valuable insights into the reliability and trustworthiness of the bookkeeping service you’re considering. Checking for certifications, such as a CPA license, can further validate their credibility. Ongoing Support and Compliance Local bookkeeping services can also help ensure that your business stays compliant with tax regulations. By keeping track of all financial transactions and maintaining accurate records, they make tax preparation seamless. This support helps minimize the risk of errors and penalties during tax season. In conclusion, finding the right bookkeeping service near you can make a significant difference in how efficiently you manage your finances. With personalized attention, local expertise, and ongoing support, a professional bookkeeper ensures that your business’s financial health remains on track.
sddm
Time is the dominant factor in gambling. Risk and time are opposite sides of the same coin, for if there were no tomorrow there would be no risk. Time transforms risk, and the nature of risk is shaped by the time horizon: the future is the playing field. Time matters most when decisions are irreversible. And yet many irreversible decisions must be made on the basis of incomplete information. Irreversibility dominates decisions ranging all the way from taking the subway instead of a taxi, to building an automobile factory in Brazil, to changing jobs, to declaring war. If we buy a stock today, we can always sell it tomorrow. But what do we do after the croupier at the roulette table cries, “No more bets!” or after a poker bet is doubled? There is no going back. Should we refrain from acting in the hope that the passage of time will make luck or the probabilities turn in our favor? Hamlet complained that too much hesitation in the face of uncertain outcomes is bad because “the native hue of resolution is sicklied o’er with the pale cast of thought . . . and enterprises of great pith and moment . . . lose the name of action.” Yet once we act, we forfeit the option of waiting until new information comes along. As a result, not-acting has value.
Peter L. Bernstein (Against the Gods: The Remarkable Story of Risk)
Timely execution is very demanding. The process of bringing an innovation to market is complex and harbors many unknowns. An innovation must often successfully defeat a thousand enemies—inside as well as outside of the enterprise—to become a reality. Once the innovation is in the market, continued effective execution is critical. The first company to move with the strongest innovation often reaps the greatest reward. But to retain the advantage, the innovator must prevail with the second innovation as well as with the third. Failure to accomplish this means risking all.
George Stalk Jr. (Competing Against Time: How Time-Based Competition is Reshaping Global Mar)
In our view there is no superior advantage in any fixed pattern of diversification. It is not essential to spread the risk around, in pre-established proportions, so that each of the major categories of American enterprise is included. What is essential is that a reasonable diversity of industries be achieved, so that the investor can feel he has his stake in a fairly good cross section of the economy. p143
Benjamin Graham (The Intelligent Investor)
Investors still need to ask, how stable is the enterprise, and what are its future prospects? What are its earnings and cash flow? What is the downside risk of owning it? What is its liquidation value? How capable and honest is its management? What would you pay for the stock of this company if it were public? What factors might cause the owner of this business to sell control at a bargain price? Similarly, the pair never addressed how to analyze the purchase of an office building or apartment complex. Real estate bargains come about for the same reasons as securities bargains—an urgent need for cash, inability to perform proper analysis, a bearish macro view, or investor disfavor or neglect. In a bad real estate climate, tighter lending standards can cause even healthy properties to sell at distressed prices. Graham and Dodd’s principles—such as the stability of cash flow, sufficiency of return, and analysis of downside risk—allow us to identify real estate investments with a margin of safety in any market environment.
Benjamin Graham (Security Analysis)
If you are not willing to risk the unusual, you will have to settle for the ordinary." - Jim Rohn
Aditi Agarwal (Enterprise Agility with OKRs: A Complete Guide to Achieving Enterprise Business Agility)
Nothing is as clean and nutritious as a customer-inspected facility and business. When the relationship marketer must pass the scrutiny of the discriminating patron, who personally looks over the entire operation, you’d better believe not one in a thousand would risk doing something unscrupulous.
Joel Salatin (You Can Farm: The Entrepreneur's Guide to Start & Succeed in a Farming Enterprise)
In the second year of the Trump presidency, I attended a dinner of American hedge funders in Hong Kong. I was there as a guest speaker, to survey the usual assortment of global hot spots. A thematic question emerged from the group—was the “Pax Americana” over? There was a period of familiar cross-talk about whether Trump was a calamitous force unraveling the international order or merely an impolitic Republican politician advancing a conventional agenda. I kept interjecting that Trump was ushering in a new era—one of rising nationalist competition that could lead to war and unchecked climate change, to the implosion of American democracy and the accelerated rise of a China that would impose its own rules on the world. Finally, one of the men at the table interrupted with some frustration. He demanded a show of hands—how many around the table had voted for Trump, attracted by the promise of tax cuts and deregulation? After some hesitation, hand after hand went up, until I was looking at a majority of raised hands. The tally surprised me. Sure, I understood the allure of tax cuts and deregulation to a group like that. But these were also people who clearly understood the dangers that Trump posed to American democracy and international order. The experience suggested that even that ambiguous term “Pax Americana” was subordinate to the profit motive that informed seemingly every aspect of the American machinery. I’d come to know the term as a shorthand for America’s sprawling global influence, and how—on balance—the Pax Americana offered some stability amid political upheavals, some scaffolding around the private dramas of billions of individual lives. From the vantage point of these bankers, the Pax Americana protected their stake in international capital markets while allowing for enough risk—wars, coups, shifting energy markets, new technologies—so that they could place profitable bets on the direction of events. Trump was a bet. He’d make it easier for them to do their business and allow them to keep more of their winnings, but he was erratic and hired incompetent people—so much so that he might put the whole enterprise at risk. But it was a bet that enough Americans were willing to make, including those who knew better. From the perspective of financial markets, I had just finished eight years in middle management, as a security official doing his small part to keep the profit-generating ocean liner moving. The debates of seemingly enormous consequence—about the conduct of wars, the nature of national identity, and the fates of many millions of human beings—were incidental to the broader enterprise of wealth being created.
Ben Rhodes (After the Fall: Being American in the World We've Made)
We are unlike the Christians of New Testament times. Our approach to life is conventional and static; theirs was not. The thought of "safety first" was not a drag on their enterprise as it is on ours. By being exuberant, unconventional and uninhibited in living by the gospel they turned their world upside down, but you could not accuse us twentieth-century Christians of doing anything like that. Why are we so different? Why, compared with them, do we appear as no more than halfway Christians? Whence comes the nervous, dithery, take-no-risks mood that mars so much of our discipleship? Why are we not free enough from fear and anxiety to allow ourselves to go full stretch in following Christ? One reason, it seems, is that in our heart of hearts we are afraid of the consequence of going the whole way into the Christian life. We shrink from accepting burdens of responsibility for others because we fear we should not have the strength to bear them. We shrink from accepting a way of life in which we forfeit material security because we are afraid of being left stranded. We shrink from being meek because we are afraid that if we do not stand up for ourselves we shall be trodden down and victimized, and end up among life's casualties and failures. We shrink from breaking with social conventions in order to serve Christ because we fear that if we did, the established structure of our life would collapse all around us, leaving us without a footing anywhere. It is these half-conscious fears, this dread of insecurity, rather than any deliberate refusal to face the cost of following Christ, which make us hold back. We feel that the risks of out-and-out discipleship are too great for us to take. In other words, we are not persuaded of the adequacy of God to provide for all the needs of those who launch out wholeheartedly on the deep sea of unconventional living in obedience to the call of Christ. Therefore, we feel obliged to break the first commandment just a little, by withdrawing a certain amount of our time and energy from serving God in order to serve mammon. This, at the bottom, seems to be what is wrong with us. We are afraid to go all the way in accepting the authority of God, because of our secret uncertainty as to his adequacy to look after us if we do. Now, let us call a spade a spade. The name of the game we are playing is unbelief.....
J.I. Packer (Knowing God)
The value of business architecture is to provide an abstract representation of an enterprise and the business ecosystem in which it operates. By doing so, business architecture delivers value as an effective communication and analytical framework for translating strategy into actionable initiatives. The framework also enhances the enterprise’s capacity to enact transformational change, navigate complexity, reduce risk, make more informed decisions, align diverse stakeholders to a shared vision of the future, and leverage technology more effectively
Business Architecture Guild (The Business Architecture Quick Guide: A Brief Guide for GameChangers)
Like all best supporting actors, the state may also step centre stage, taking entrepreneurial risks where the market and commons can’t or won’t reach. The extraordinary success of tech companies such as Apple is sometimes held up as evidence of the market’s dynamism. But Mariana Mazzucato, an expert in the economics of government-led innovation, points out that the basic research behind every innovation that makes a smart phone ‘smart’—GPS, microchips, touchscreens and the Internet itself—was funded by the US government. The state, not the market, turns out to have been the innovating, risk-taking partner, not ‘crowding out’ but ‘dynamising in’ private enterprise—and this trend holds across other high-tech industries too, such as pharmaceuticals and biotech.42 In the words of Ha-Joon Chang, ‘If we remain blinded by the free market ideology that tells us only winner-picking by the private sector can succeed, we will end up ignoring a huge range of possibilities for economic development through public leadership or public-private joint efforts.
Kate Raworth (Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist)
What we need is a new kind of environmentalism, defined not by saying no but by saying yes. I call this new era the “era of convergence”—defined by the coming together of two of the most powerful forces in the country today: the environmental movement and the free enterprise system. Only by embracing the tools of the marketplace will we be able to mobilize the capital we need to protect the huge landscapes that are at risk.
Daniel C. Esty (A Better Planet: Forty Big Ideas for a Sustainable Future)
If we assume that it is the habit of the market to overvalue common stocks which have been showing excellent growth or are glamorous for some other reason, it is logical to expect that it will undervalue—relatively, at least—companies that are out of favor because of unsatisfactory developments of a temporary nature. This may be set down as a fundamental law of the stock market, and it suggests an investment approach that should prove both conservative and promising. The key requirement here is that the enterprising investor concentrate on the larger companies that are going through a period of unpopularity. While small companies may also be undervalued for similar reasons, and in many cases may later increase their earnings and share price, they entail the risk of a definitive loss of profitability and also of protracted neglect by the market in spite of better earnings. The large companies thus have a double advantage over the others. First, they have the resources in capital and brain power to carry them through adversity and back to a satisfactory earnings base. Second, the market is likely to respond with reasonable speed to any improvement shown. A
Benjamin Graham (The Intelligent Investor)
The global financial crisis was caused by excesses of the liberal system of regulations and the belief that a completely free market will allow enormous innovation and allocate capital to the most profitable enterprises with the highest returns. Once the Federal Reserve Chairman decided it was not necessary to regulate derivatives and supervise them, the fuse was lit. Once you find that you can mash up a lot of good and bad assets in one bundle and pass on your risk all around Europe and other parts of the world, you have started something like a Ponzi scheme which must come to an end sometime…The business of a person in a financial institution is to make the biggest profit for himself, so just condemning the bankers and the profit takers does not make sense. You have allowed these rules, and they work within these rules.
Graham Allison (Lee Kuan Yew: The Grand Master's Insights on China, the United States, and the World (Belfer Center Studies in International Security))
Because the general prospects of the enterprise carry major weight in the establishment of market prices, it is natural for the security analyst to devote a great deal of attention to the economic position of the industry and of the individual company in its industry. Studies of this kind can go into unlimited detail. They are sometimes productive of valuable insights into important factors that will be operative in the future and are insufficiently appreciated by the current market. Where a conclusion of that kind can be drawn with a fair degree of confidence, it affords a sound basis for investment decisions. Our own observation, however, leads us to minimize somewhat the practical value of most of the industry studies that are made available to investors. The material developed is ordinarily of a kind with which the public is already fairly familiar and that has already exerted considerable influence on market quotations. Rarely does one find a brokerage-house study that points out, with a convincing array of facts, that a popular industry is heading for a fall or that an unpopular one is due to prosper. Wall Street’s view of the longer future is notoriously fallible, and this necessarily applies to that important part of its investigations which is directed toward the forecasting of the course of profits in various industries. We must recognize, however, that the rapid and pervasive growth of technology in recent years is not without major effect on the attitude and the labors of the security analyst. More so than in the past, the progress or retrogression of the typical company in the coming decade may depend on its relation to new products and new processes, which the analyst may have a chance to study and evaluate in advance. Thus there is doubtless a promising area for effective work by the analyst, based on field trips, interviews with research men, and on intensive technological investigation on his own. There are hazards connected with investment conclusions derived chiefly from such glimpses into the future, and not supported by presently demonstrable value. Yet there are perhaps equal hazards in sticking closely to the limits of value set by sober calculations resting on actual results. The investor cannot have it both ways. He can be imaginative and play for the big profits that are the reward for vision proved sound by the event; but then he must run a substantial risk of major or minor miscalculation. Or he can be conservative, and refuse to pay more than a minor premium for possibilities as yet unproved; but in that case he must be prepared for the later contemplation of golden opportunities foregone.
Benjamin Graham (The Intelligent Investor)
Risk is essential to an enterprise. If we had full knowledge of the future there would be no risk.
Bob Garratt (The Fish Rots From The Head: The Crisis in our Boardrooms: Developing the Crucial Skills of the Competent Director)
If shares are partial interests in enterprises, not just numbers on a screen, the certainty we seek must emanate from the business itself. Training our minds on businesses rather than stock prices moves us in the right direction. We’re not equally equipped to analyze every security or industry, but if we focus on spots where we are conversant, we’ll be more certain that we’ve put together the evidence properly. By entrusting our capital only to honest and capable executives, we reduce the risk of malfeasance. Some industries are brutally competitive and change relentlessly, and some companies depend on the kindness of bankers. Go elsewhere, where there’s more safety.
Joel Tillinghast (Big Money Thinks Small: Biases, Blind Spots, and Smarter Investing (Columbia Business School Publishing))
When a corporation loses a hundred cents of every dollar it loses, and is permitted to keep only fifty-two cents of every dollar it gains, and when it cannot adequately offset its years of losses against its years of gains, its policies are affected. It does not expand its operations, or it expands only those attended with a minimum of risk. People who recognize this situation are deterred from starting new enterprises.
Henry Hazlitt (Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics)
If you interpret events in Russia as a crime wave, which is the way the West looks at the rise of Putin, where organized crime supposedly came to power through the KGB, you have a problem. This explanation is not workable if you look at the larger picture and consider all the facts, because this version of history cannot account for the ongoing attempt to socialize key countries, and to spread certain political doctrines, and to build up military forces. A mafia is mainly interested in money. They are not interested in global transformation. Gangsters are not political philosophers engaged in a planetary revolution. They do not build up weapons and coordinate with revolutionary parties. Such a course is destructive of those relationships that most promise a profitable return, and long-term benefits for the business. Something less sane, less rational than mere criminal enterprise is indicated. The buildup of new classes of weapons is hardly required to maintain a global criminal enterprise. Why would mere criminals work toward nuclear superiority? It is very expensive to do this, and involves serious risks.
J.R. Nyquist
finance remains an essential social institution, necessary for managing the risks that enable society to transform creative impulses into vital products and services, from improved surgical protocols to advanced manufacturing technologies to sophisticated scientific research enterprises to entire public welfare systems.
Robert J. Shiller (Finance and the Good Society)
To be a versatile enterprising successful person one must be willing to have extreme focus and take risks when others won't.
Germany Kent
Abe Fields, in spite of his fever, felt pride in being a realistic American with the highest national income per head of population in the world, and the most comfortable standard of living since the beginning of evolution; the reptiles of the primeval sea could be proud of America, and the ancestor who had first crawled of his native mud, in a desperate effort to become a man, might now sleep in peace— he had succeeded. His name should be venerated in every American school; he was the real pioneer, the father of free enterprise, of the spirit of initiative, of all those who dared, who risked, of all that had led to the stupendous material progress of the United States.
Romain Gary (The Roots of Heaven)
It was a risk, and Wes knew it. But taking risks is at the heart of the drug enterprise, and scared money didn't make money.
Wes Moore (The Other Wes Moore: One Name, Two Fates)
Merriam-Webster defines an entrepreneur18 as “one who organizes, manages, and assumes the risks of a business or enterprise.
John Meese (Survive and Thrive: How to Build a Profitable Business in Any Economy (Including This One))
Given the girls’ aptitudes in computer programming and design, this little enterprise could’ve gone on and on, growing in scope and size. From a fake university for student visas to a fake corporation for work visas, such as Charlie described. That revenue potential would be through the roof. Definitely worth the risk of holding two girls captive.
Lisa Gardner (Before She Disappeared (Frankie Elkin, #1))