Thursday, September 2

Risk Assessment

How taking chances can help your career

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By Jeremy Derksen

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The radio crackles through a swirling white deluge: “Thirty seconds.” Those are two words warning avalanche techs that a charge is about to be detonated. It’s routine procedure for ski resort avalanche control, but the risks would make most of us nervous.

“We’ve got unstable weather, remote locations…the destructive forces of nature. And on top of that, we’re handling explosives,” says Troy Leahey, an avalanche forecaster at Revelstoke Mountain Resort in British Columbia. “Risk is a combination of probability, consequence and timing. We mitigate that as much as we can, but working in the industry for a while we become comfortable with the risks.” An element of personal, along with professional, risk not only comes with Leahey’s job – recognizing how to work with it makes him good at what he does.

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Most of us won’t face the physical challenges or life-threatening conditions Leahey faces, but taking professional risks can be a good thing. Our instinct is to avoid risk. After all, too much risk could jeopardize your job, pension and house. Widespread corporate risk has undone financial institutions and rocked the global economy

But avoiding risk is impossible and, it turns out, unwise. Without it, business stagnates, careers stall. “Risk aversion can prevent us from looking at opportunities as they arise,” says Michael Ungar, a sociology professor at Dalhousie University, in Halifax. “As a result, we may jump too late rather than anticipate change.”

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