CFO encourages risk-averse team to take a chance on success

teaser_EP#6Confessions Podcast Episode 6:  There are times when a business team and their leader don’t see eye-to-eye. In this episode of Business Chemistry’s® Confessions podcast, we hear how one very successful CFO encouraged his team to step out of their comfort zones and take more calculated risks to find success.

Smart Risk Taking” features Mark Buthman, CFO Emeritus at Kimberly-Clark Corporation, who was a square peg in a round hole; someone, who believed in the importance of risk taking while leading a risk-averse group of finance professionals. Buthman tells us why he believes taking risks is important to achieving both personal and professional growth, and how he instilled this belief in his team.

Want to learn more about which Business Chemistry type might best describe you? Learn more about the 4 Types or share your thoughts with Dr. Suz on Twitter @DrSuzBizChem.

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Stuck in the status quo? Why Guardians are risk averse…

Why are Guardians Risk Averse?

I’ve been thinking a lot about Guardians lately. In particular, I’ve been wondering why they sometimes seem a bit stuck in the status quo, preferring to do things the same way they’ve always done them rather than experiment with new approaches. Have you ever noticed that?

As I thought about it I realized that actually, research has shown that it’s not just Guardians–there’s a general tendency for people to make decisions that maintain the status quo. There’s even a name for it—the status quo bias—and psychologists have hypothesized that it’s a self-protective mechanism1. In order to break from the status quo we need to take action, and doing so requires accepting responsibility and opening ourselves up for criticism. Since most of us don’t particularly like to be criticized, keeping things as they are is a much safer choice.

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