duplex for sale milwaukee (414) 209-5313

 Watch this youtube video here: https://www.youtube.com/watch?v=pd2e6F7kcQw

duplex for sale milwaukee
Call Us Today (414) 209-5313

When faced with declining profits and bleak outlooks, one way for  executives to respond is through increased risk taking. In fact,  researchers have consistently found that executives who find themselves  in undesirable situations tend to engage in more risk taking than  executives in more desirable situations. Given the current financial  environment, more and more executives may look to risk taking as a way  to escape disaster.
Traditionally, business risk taking has been considered a good thing —  as firms assume more risk, then they are rewarded with higher financial  returns. If this traditional thinking is sound, then executives in bad  situations should be encouraged to increase their level of risk taking  as a way to improve performance. However, a recent study I conducted with colleagues from the  University of Miami and Arizona State University found that not all risk  taking is the same, and the risks that executives in lower-performing  firms take tends to harm, rather than improve, firm performance. In  contrast, executives in higher-performing firms tend to take risks that  improve performance.
The difference is explained by looking at what motivates these executives to action. In lower-performing firms, executives are motivated by a desire to  escape the current situation, but in higher-performing firms, executives  are motivated by confidence in their capabilities.
Critical to risk taking success is the ability to sustain effort  through challenges and difficulties. When executives are motivated to  take risks because of confidence, then this confidence sustains them  through the problems that arise. However, when risk takers are motivated by a desire to escape their  current situation, they may not have the necessary confidence to sustain  their efforts when problems arise.  This tendency was illustrated by  examining the research and development investment decisions made by  executives in high technology firms.
While executives in lower-performing firms tended to invest more in  R&D projects, they focused their R&D investments on incremental  innovation. In contrast, executives in higher-performing firms invested  less in R&D, but when they did invest, it tended to be in more  radical innovation. Overall, it was the radical innovations that had the most positive effect on the future performance of the firms in the study.
So, while engaging in risk taking as a way to escape the current  difficult circumstances may be a natural reaction for many executives,  our research suggests that executives need to be cautious and make sure  they have the necessary confidence in their capabilities to sustain  their actions through difficult challenges that inevitably arise. If the motivation for engaging in risk taking is to escape a bad situation, the end result is not likely to benefit the firm.
Nathan Washburn, Ph.D., is an assistant  professor of management at Thunderbird School of Global Management. He  presented his paper, “Past Performance and Organizational Risk Taking,”  Aug. 12, 2008, at the Academy of Management annual conference in  Anaheim, Calif. Co-authors include Marianna Makri, Ph.D., an assistant professor at the University of Miami School of Business, and Luis R. Gomez-Mejia, Ph.D., a regents professor at the W.P. Carey School of Business at Arizona State University.


Call Us Today (414) 209-5313

Check Out Our Channel:

https://www.youtube.com/channel/UC5UHlZDLyTuyhIAeHuLigZQ

Learn more about subject:

https://en.wikipedia.org/wiki/Duplex_(building)

Check out our related videos:




Follow Us On Facebook:
https://www.facebook.com/surgewebmarketing

Follow Us on Google Plus:
https://plus.google.com/b/110660075832691810261/?pageId=110660075832691810261

http://www.surgewebmarketing.com/