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What’s your appetite to risk? I’m not talking about skydiving or base jumping, but in the day to day of running a business. Whether you have thought about it previously or not, your appetite to risk plays a key part in your decision making. Making a critical hire is a good example. It’s well documented that diverse teams often lead to higher performance. However, when it comes to selecting a suitable candidate for the position it is often the person who has done the job for a competitor or worked in the same industry previously who gets appointed. I’m not saying that this is necessarily wrong, but it could be viewed as the “safe” option. I was chatting to a senior executive last week who told me that they actively look for people from different industries and backgrounds to create diversity of thought in their leadership team. This person is at the top of their game, full of confidence and when speaking to them you can feel they truly believe in their decision-making abilities. You could argue that their risk appetite is greater than others, and perhaps this has helped them achieve what they have in their career. How aware are you of your own appetite to risk? Where are you now and where would you like to be?