Here is how he puts it: “My values are really good things that I’ve thought about and experimented with, but they aren’t inherently built into my character. When it comes to the question of my mission, I have to be risk averse.”
In this brief article, I will give you a case study solution to this question: “How do you balance your passion for mission with your risk tolerance?” It has been recommended in many different HBR Case Solutions as one of the best examples of balancing purpose and risk for a leader.
The first case study report I am going to discuss is from the HBR Case Solutions entitled “Measuring A Leader’s Strategy for Effectiveness and Performance.” In this report, the authors suggest that some leaders are more apt to measure their success by results, and others measure success by the success, even though the ultimate goal for the success is the same.
Another case study presented in the report is a quote from Steve Jobs, who said: “If you want to understand a leader, study the guy who stops you in the middle of a large crowd and asks what’s on your mind. That’s what I think about when I get stuck.
When I need to learn something, I get lost in research.” These are just a few of the examples given in the HBR Case Solutions for Balancing Purpose and Risk.
Now, let me provide you with a case study solution to the same question: “How do you balance your passion for mission with your risk tolerance?” Based on the three important reports from the HBR Case Solutions, I believe it is possible to find the answer to this question as well.
In this case study solution, I am going to share with you the case study analysis of a home maker who starts a venture capital fund and uses his passion for entrepreneurship to launch the fund. After reading this case study, I believe you can understand how to balance purpose and risk.
Jason started his business by working in his garage, designing projects and selling them online. His focus was on building a team of entrepreneurs. His passion for entrepreneurship motivated him to start his venture fund, which he ran from his garage.
His focus was on building a team of entrepreneurs. He understood that although his passion for entrepreneurship motivated him to get up each morning, he needed to perform a lot of homework to make his venture work. Because of this focus, he had to be risk averse to ensure his team and investors got a return.
The question of how do you balance your passion for entrepreneurship with your risk tolerance is the same as the question of how do you balance your passion for mission with your risk tolerance. This passion for entrepreneurship and mission for the venture need to complement each other. You cannot operate without one or the other, but you need to be able to manage the impact of one without having the impact of the other.
The same applies to building a team of entrepreneurs. You need to be focused on building a team of entrepreneurs, and you need to build a team of entrepreneurs to focus on building a team of entrepreneurs.