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Group 4 Team members: Clara Chua (3), Darilynn Chee (4), Teoh Rui Ting (17), Yap Fang Ying (20), Joel Ong (32), Jonathan Wong (36). Theme: Work/Economy. Is risk-taking needed in the working society in 21st century?. YES. What is risk taking?.
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Group 4 Team members: Clara Chua (3), Darilynn Chee (4), Teoh Rui Ting (17), Yap Fang Ying (20), Joel Ong (32), Jonathan Wong (36)
Theme: Work/Economy Is risk-taking needed in the working society in 21st century?
What is risk taking? • the tendency to engage in behaviours that have the potential to be harmful or dangerous, yet at the same time provide the opportunity for some kind of outcome that can be perceived as positive. • Taking an action which you have already weighed the consequences and is prepared to face them if you fail. • A calculated speculation. http://ptsd.about.com/od/glossary/g/risktaking.htm
Why is risk taking needed in the 21st century? Trends are changing, people are changing, are you able to keep up with the change in this society??
Trends are changing, people are changing, are you able to keep up with the change in this society?? • So that we will not lose out in the competitive society • Shortcut spend less time increase efficiency since the 21st century is going at a fast going pace • Trends are changing very quickly and there are uncertainties • Unable to predict future hence need to take risk
Why do people take risk? • Some may have no choice • If one does not even dare to take a risk, one would not know what he's capable of. • For their passion
Examples of people who took risk • Steve Jobs • Grabrielle Coco Chanel International Local • Felicia Chin
Prepared and ready for any upcoming challenges/difficulties (Why people take risk? Passion) Time as a reason for why people want to take risk In the 21st century, a lot of emphasis is placed on one’s qualifications. One’s degree and qualifications will be highly regarded in the 21st century. What exactly is she risking? Degree/Qualifications
PASSION. BEING PREPARED.
Risk taking has enabled him to anticipate future trends • He presented his original Ideas and invented new things that people might not like. • Was willing to cannibalize his company’s product in the name of progress He set the trend of smartphones, popularizing the use of smartphones. Contributed greatly to smart technology in 21st century
Gabrielle Bonheur Coco Chanel 1913 Till Today
Mixed up the vocabulary of male and female clothes. • Ignored critics and continued embodying her bold vision of fashion and femininity. • Her future was uncertain -During the World War II Chanel had to shut down (her fashion business as her fashion-conscious customers fled Paris at the beginning of the war, but she never lost faith in herself.) manage to make a comeback,
Gabrielle Coco Chanel • ever on the lookout for new opportunities • willing to take risks and to break new ground. • willing to defy convention time “Success is often achieved by those who don't know that failure is inevitable,” said Chanel.
Grabrielle Coco Chanel • possibility of discovering something new is what makes life interesting for her. • has great faith in life and bounces back quickly from disappointment and failure.
Transnational Terrorism Defying the government Risk of being caught Death/life imprisonment (worse case scenario) Loss of freedom
Why is risk taking needed? (Benefits) • High returns (if succeed) [e.g. Save time, earn more] • Sense of satisfaction • Boost confidence • Shortcut to success • Being ahead of others • Take the risk to try new things, be different stand out • Able to learn more than the rest, push yourself forward
Why is risk taking needed? (Benefits) • Focused on dream do whatever it takes to achieve them. “You don’t achieve your dreams by playing it safe.” • Risk-taking won't only potentially benefit the career-path you're already on -- it may actually open you up to a world of possibilities you have yet to consider
Disadvantages… • Lose studying certificates (O’s, A’s etc) • Lose money if fails • Very few people have done/tried it (risk) before. If you are one of first few, you will not be able to learn from others’ experiences. • Methods of risk taking • (not many are tested or proven, so do not know outcome) yes
Despite having those disadvantages, they can be overcomed • No pain, no gain.
How should one take risk in his future? Solutions: 1. Make calculated risk 2. Intelligent risk- taking
To end of… “to be alive at all involves some risk.” • Risk of being alive: Dying • Risk of going to school: Failing exams • Risk of marrying: Divorcing • Every time you cross the road, risk being involved in an accident. The very nature of life requires risk taking: A small child would never learn to walk, talk, or socially interact without taking risks, experiencing successes and failures, and then monitoring and adjusting accordingly. Not taking a risk is taking a risk to fail “The person who risks nothing, does nothing, has nothing, is nothing, and becomes nothing. He may avoid suffering and sorrow, but he simply cannot learn and feel and change and grow and love and live.” - Leo F. Buscaglia
Therefore, we think that it is needed to take risks in the 21st century.
Acknowledgement • http://entertainment.xin.msn.com/en/celebrity/buzz/asia/felicia-chin-quits-school-to-pursue-acting#page=2 • http://www.moe.gov.sg/media/news/2013/06/more-jc-students-switch-to-polytechnics.php • http://www.moe.gov.sg/media/news/files/2013/06/20130605-st-more-jc-students-switch-to-polytechnics.pdf • http://www.straitstimes.com/the-big-story/case-you-missed-it/story/look-who%E2%80%99s-the-boss-20140219 • http://www.businessinsider.com/why-steve-jobs-original-mac-was-risky-2014-1?IR=T& • http://famous-relationships.topsynergy.com/Coco_Chanel/attitude.asp • http://www.1000ventures.com/business_guide/cs_entrepreneurs_chanel.html • http://www.metmuseum.org/toah/hd/chnl/hd_chnl.htm
