Michael Porter Quotes

Don’t ignore planning for unlikely events. Over long periods of time the highly improbable gets more probable to occur at least once.

A plan is only a scenario, and almost by definition, it is optimistic... As a result, scenario planning can lead to a serious underestimate of the risk of failure.

I'm a risk manager, but I'm also a risk taker.

There is the risk you cannot afford to take, and there is the risk you cannot afford not to take.

I absolutely love playing the game 'Risk.'

I think there's a difference between a gamble and a calculated risk.

I forced myself to think what is the new concept and it became clear to me that it was risk, not only in technology and ecology, but in life and employment, too.

There is no elimination of all risks.

Any plan conceived in moderation must fail when the circumstances are set in extremes.

You can’t prepare for the best case; you have to prepare for the worst case.

We respond to the unknown by trying to retreat from it, or trying to comprehend it, or trying to control it. The first approach is evident in longings for return to a simpler "risk-free" life that never was. The second is reflected in the fantasy of synoptic risk assessment: Measure the requisite probabilities and trade-offs, calculate the social risk-benefit function, and the common good will have been defined. The third approach is in the tradition of professional engineering. It serves us well but, as engineers have been among the first to point out, has met its match and more in the complex social problems it increasingly is called upon to address.

None of us live in a zero-risk world.

Everything we do in general, there's gonna be a percentage of risk. Me, making my entrance to the ring, there's actually a percentage of risk I'm going to trip and fall and hurt myself. Me, getting up on the apron, there's a percentage of risk.

Managing risk is a key variable, frankly, all aspects of life, business is just one of them, and one of the things that most people do in terms of managing risk, that's actually bad thinking, is they think they can manage risk to zero. Everything has some risk to it. You know, you drive your car down the street, a drunk driver may hit you. So what you're doing is you're actually trying to get to an acceptable level of risk.

Then you realize that the preparation and the planning of this small army of people trying to head to the single aim of creating a work that's going to excite people is very risky. Of course, the odds are that it's not going to work out because there are too many possibilities of it going wrong.

The hardest thing to judge is what level of risk is safe.

Nobody can really guarantee the future. The best we can do is size up the chances, calculate the risks involved, estimate our ability to deal with them and then make our plans with confidence.

If you don't invest in risk management, it doesn't matter what business you're in, it's a risky business.

Risk is good. Not properly managing your risk is a dangerous leap.

Everything involves a risk. No risk, no reward.

All of life is the management of risk, not its elimination.

The risk of a business being hit by a low probability, high impact event is far higher than most boards realize because the number of potential wild cards is so great.

Not taking a risk is a risk. That's how I see it.

One doesn't accept bad challenges. Part of it is always the risk-taking without seeing that the risks are rational and the rewards are commensurate.. are more than commensurate.. with the risks.

By definition, risk-takers often fail. So do morons. In practice it's difficult to sort them out.