Are Risk Takers Good Leaders?

Are Risk Takers Good Leaders?


Are risk takers good leaders? Risk plays a factor in our daily choices, and perhaps more so in the professional aspect of our lives. Some decisions we make are chancier than others, and there are countless examples of leaders in the business world who have taken great risks in order to become highly successful. But not as often heard of are the failures of some of the most successful businesspeople and company leaders in the world because of the unsuccessful risks they have taken. However, just about every great CEO or successful business leader will tell you their failed risks have often been the key to their success, which is why you have to be willing to continue taking risks to be a good leader, even when they don’t turn out the way you had hoped.


Ajay Banga, president and chief executive officer of MasterCard and a member of its board of directors, is a great example of this. During an event at Stanford University sometime back, Mr. Banga was asked to share one or two personality traits or characteristics about himself which have helped set him apart and allowed him to enjoy so much success compared to some other people who might not have achieved as much in their careers, or those who have seen their careers stall. Mr. Banga said that humility and the willingness to take risks are two big characteristics that have helped him shine. “If you’re not willing to learn from people and always adapt or adjust and progress in your mind,” you can’t be successful.  Mr. Banga said, “I don’t know that you can diverse [humility] from success. I think it’s actually a key part of who you are and how successful you can be.” He added: “I think you can be successful without humility, but you won’t enjoy it as much.


The second characteristic Mr. Banga discussed was the ability, or willingness, to take risks, in both your life and your career. Many of the world’s greatest business leaders are known to take big chances. That does not mean they make huge decisions on a whim without any deep thought and consideration of all the possible outcomes, rather they take calculated risks which often result in big rewards. Mr. Banga feels that in order to be a good leader you have to be a risk taker. It is important to note, he is not just simply referring to jobs or careers, he states you must be willing to be a risk taker in all aspects of your life.

Risk takers make good leaders, Man Giving Speech In Front Of Backlit Audience On Light

Finally, those that make decisions on behalf of their team, department, division or company have the responsibility to weigh the risk and rewards of each decision they make.  They cannot avoid all risks.  They must select which risks are worth taking and then bring along those that work for and with them in a united effort to accomplish the task or tasks at hand in order to achieve the united goal.  The higher the risk, the greater the reward and need for unified effort.  The short answer is yes, all leaders are,  by virtue of their position, required to take risks.  Some are just more successful at identifying the appropriate risk.

We hope you found this updated article about “Do Risk Takers Make Good Leaders” helpful.  If you have questions or need expert tax or family office advice that’s refreshingly objective (we never sell investments), please contact us, GROCO, or visit our home page at  Unfortunately, we no longer give advice to other tax professionals gratis.

To receive our newsletter free, contact us here.

Subscribe our YouTube Channel for more updates.

Considerately yours,

GROCO, GROCO Tax, GROCO Technology, GROCO Advisory Services, GROCO Consulting Services, GROCO Relationship Services, GROCO Consulting/Advisory Services, GROCO Family Office Wealth, and GROCO Family Office Services

A special thanks to our sponsor,

Posted in
Thanksgiving week and gratitude

Thanksgiving week and gratitude

Thanksgiving is one of my favorite times of the year because it helps me to remember the many things I have to be grateful for: my family, relatively good health, friends, job, religious freedoms (I should probably use more often), and too many other blessings to list. Not to mention the Thanksgiving meal, mashed potatoes,…

Kary Oberbrunner

How Author Kary Oberbrunner Ignites Authors, Entrepreneurs, and Influencers

How Author Kary Oberbrunner Ignites Authors, Entrepreneurs, and Influencers Do you struggle through life feeling lost? Do you want to find your dream job or perform better at your current day job? Are you looking for a new secret weapon for mastering life? Kary Oberbrunner is a Wall Street Journal and USA Today bestselling author…

In Conversation with Pamela Kan, President of Bishop-Wisecarver Corporation

In Conversation with Pamela Kan, President of Bishop-Wisecarver Corporation

In Conversation with Pamela Kan, President of Bishop-Wisecarver Corporation Pamela Kan has been the President of Bishop-Wisecarver Corporation since 1999. She is a highly respected leader in the manufacturing and engineering industry, and has been instrumental in growing the company into the successful business it is today. Kan holds a Bachelor of Science degree in…

Using Your Money for Positive Change with Warren Stickney, Founder & Principal of Stickney Research

Using Your Money for Positive Change with Founder of Stickney Research

Using Your Money for Positive Change, with Founder of Stickney Research Warren Stickney is the founder and principal of Stickney Research, a firm that specializes in the design and implementation of net income makeup charitable remainder trusts (NIMCRT). In this interview, he discusses his passion on how to use your money for positive change in…