Learning to take risks, learning to succeed

The importance of risk taking

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Innovation is urgently needed for economic growth and to find solutions to pressing national and global problems. Risk taking is essential to innovation: anyone developing a new product, service or idea risks the possibility that it will not work, that someone else will get there first or it will be met with disinterest. Young people entering work in the twenty-first century will need to take risks to find these solutions, and addressing everyday challenges also involves complex decision making and evaluation of risk.

Published
June 2010

Author
Heather Rolfe, NIESR