An Exploratory Investigation on Effective Risk Handling Attitudes of Top Business Leaders in Relation to Their Approaches Towards Innovation

Abstract

Top business leaders are arguably different: in their innovation capabilities, strategy formulation and deployment as well as risk attitudes. The paper makes an attempt to research both quantitatively and qualitatively about the effective risk taking and handling attitudes as well as their innovation approaches. While analyzing such attributes, it was quantitatively confirmed that there is indeed a correlation existing between the two. This is also consistent with logic. There is always a risk which is taken and handled by the top business leaders in implementing something innovative, strategy implementation or product deployment in the form which has never existed before. Qualitative research establishes some deeper connections as well as some of the salient points. The key results of our exploratory research are important, especially for the HR, or R&D organizations, which are trying to recruit leaders and managers at the top management level in their organizations.