I have my doubts, from my personal practical experience about the operational success of CEOs who take risks.
To begin with, the sampling used by researchers testing CEO risk-taking is relatively small.
Secondly, the time frame of what is termed success in business is too subjective. How long a period are you measuring? Is it a year or five years?
And finally, taking risks in a publicly owned business? In practice, the risk makes little sense. Shareholders are entitled to better judgment on that subject. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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Monday, November 11, 2013
Success of Risk-Taking by Chief Executive Officers
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