Group Consensus …show more content…
Furthermore, risk management is the act of forecasting and evaluating a certain situation and finding different ways to avoid and minimize the risks involved in getting the particular tasks done (Ryan, 2013). Leaders take risks, but they must first consider associated costs in order to determine if they can assume risks in a certain area and if taking those risks is advantageous. Risk management often requires careful consideration for personnel, equipment, and other resources because the goal is for individuals to achieve the most positive outcomes possible for the organization (Ryan, …show more content…
This scripture reminds leaders that they can sharpen their skills and abilities with others. During critical times, a leader’s character and ability to effectively lead will be tested. The outcome of these situations will either sharpen the skill set of the leader as iron is sharpened by other iron, or the leader will lose the trust of followers due to his or her demonstrated ineffectiveness. Leaders must prepare themselves for the contact sport of leadership and exhibit unwavering character as they manage situations and strive to be change agents in the modern business world. It is crucial for individuals who seek a leadership position to understand that everything will not operate as planned. However, knowing the proper steps to take after experiencing a leadership failure will be their key to getting back on a path to successful