There's More to Affordable Risk in Higher Ed.
By: Sara Whiffen, Insights Ignited
When we talk about Affordable Risk in the context of our colleges it becomes clear that there are a set of special risks that exist in the organizational context that are unique to higher education. We asked Sara Whiffen, Effectuation consultant to the NACCE Coleman Foundation Grant Community of Practice to share her perspectives on this topic and here are her top 5 special risks.
1. Bureaucratic risk- How much are you willing to go off plan?
2. Cultural risk- Is there a lack of universal understanding about effectuation? Are you culturally disassociated- do you feel like the odd man out?
3. Reputation risk- The risk of being too far out of the norm- swimming upstream.
4. Failure risk- Being branded as the failure- it is inherent in entrepreneurship, but not so with institutions.
5. Solopreneur risk- The idea that as the manager of an entrepreneurship program you have the sole responsibility for entrepreneurship- “lone wolf” doesn’t work it requires shared creation.
Do you see this on your campus? Can you think of other affordable risks you see in the organizational environment? Chime in on the effectuation conversation.