The biases
You can build a beautiful product, wrap it in a soothing and secure service, and build equity in its brand. It might just be the the…
In any good team, there’s a variation of comfort with risk.
At one end … those who love to play it fast and loosy-goosy, who roll with dropped deadlines and can keep jelly wobbling and plates spinning without spoiling the mould or breaking the china; at the other … nail-it-downers, who love known knowns and hate anything else; then there’s … everyone else, somewhere in the middle, watching the arguments and happy enough to wait.
Wherever you are on the spectrum … appreciate the span … and realise that your equilibrium isn’t for everyone. Positions come from personal experience and nature/nurture. It’s unlikely you can say anything to argue them up or down their scale.
If you’re at one end, especially, pay attention to the other. Wherever you sit, risk-management is as much about the biases as about the risks.
Skippy strategy: Managing risk aversion/comfort has little to do with appetite.
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Skippiness
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