McKinsey & Company Inc.
More books by McKinsey & Company Inc.…
“This phenomenon has serious consequences for hierarchical organizations. Executives are just as loss-averse when the bets are small as they are when the gambles are large, even though small gambles do not raise the same issues of survival or ruin that provide a rationale for aversion to large risks. What’s more, small gambles offer opportunities for the risk-reducing effects of aggregation.”
― Valuation: Measuring and Managing the Value of Companies
― Valuation: Measuring and Managing the Value of Companies
Is this you? Let us know. If not, help out and invite McKinsey to Goodreads.