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Category: Risk

12 Ways Women Unknowingly Sabotage Their Success

Filed under: Professional Women, Risk, Success

Did you think the glass ceiling was a relic of the past? Not so much.

Even if there weren’t plenty of statistics to demonstrate continued gender bias in the workplace, the marketplace, and in financing for start-ups, a depressing stories out of Silicon Valley makes it brutally clear just how far we haven’t come.

Unfortunately, according to Wendy Capland, CEO of Vision Quest Consulting and author of the bestseller “Your Next Bold Move for Women,” there’s a lot women do ourselves to make matters worse.

“It’s not that I don’t think there’s a glass ceiling,” Capland explains. “More women now graduate from college than men, and women are the breadwinners in almost 50% of American households. But only 22% of executives in Corporate America are women, so that number is pitiful.”

But, Capland says, her work coaching executive women has given her a different perspective. Her company has trained thousands of women leaders, both Fortune 500 executives and small business owners. And from what she’s observed, women business leaders often fail to put ourselves on the same footing as men. Thus, she says, we suffer not only from the glass ceiling, but also from what some call “sticky-floor syndrome.”

Click here to read the rest on Business Insider >>

The Joy of Risk

Filed under: Big Ideas & Innovation, Finance and Banking, Risk, Skills

One American military leader, already having lost most of his many battles, persisted in driving his troops to attack in situations that everyone else regarded as lost causes. A leader destined to go down in history as a failure? Hardly. It was George Washington.

Business leaders today could take a lesson in risk management from General Washington, but it’s not the one you might think. Washington was never reckless. He studied risks carefully, running unapologetically from battles likely to lead to catastrophic defeat, while throwing himself and his troops into battles that he saw could prove decisive and were more winnable than others assumed, as when he crossed the freezing Delaware to attack–and defeat–the British in a blizzard.

Managers sometimes mistakenly think their job is to avoid or eliminate risk. That’s easy to do: Just veer away from all undertakings that aren’t sure things, or that you don’t understand well. I can absolutely guarantee you the result of that strategy will be mediocre performance, at very best. Innovation, speed, and bold action are all associated with risk–so if you’re avoiding risk, you’re avoiding some of the very qualities your organization needs to excel or perhaps even just survive.

Click here to read the rest on LinkedIn >>