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Risk Taking and Careful Planning on The Way to Success

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Success is an action that every person wants to experience at least once in their lives. A person wishes to gain applause and appreciation from other people whether in business life, family life or in any field of art. This is entirely due to human nature to desire for being supported and be approved. In statistical research, it has been determined that the self-confidence of successful people was higher and their happiness period was longer than the other people. As a result of these researches, ways to be successful have gained importance. It is obvious that each person’s way of success will differ; but most of all, the experts of this subject examine success under two different headings: One is taking risks and the other is to achieve success by making a careful plan. It is not possible to say at a first glance which one will occur a more effective and efficient result. Because both have advantages and disadvantages also with considering the sectors and areas in which they are evaluated. In this essay, the positive downsides of these two paths that can be followed in order to be successful will be mentioned and will be explained with examples that which way can be preferred in different fields.

Taking risks is seen as the key to success in most sectors. Trying untried thing, creating a new product or idea; great successes to people can provide gains. For example, Facebook is an example of a success that arises from risk. It has entered our world as a different and original project and it has become the originator of social media tools having different concepts. Like Facebook which is an example of entrepreneurship, the introduction of smartphones into our lives has an example of success achieved by taking on risk and innovation. The intellection of product development and differentiation has been bringing success to companies such as Apple and Samsung. With each newly released phone model, they actually take risks; however, the increase in sales has been continuing as they do not mislead the customer in reliability. To ensure the satisfaction of the target group, to increase the standard of living and to create reliability in terms of quality; is the way to reduce the risk of loss and failure of most people and firms engaged in innovation and entrepreneurship. In a word, innovation and differences can move a person from the lower tier to the top. However, also this investment may not result in a great gain as expected and may cause the person to fail. To analyze the current sector correctly and to calculate whether the breakthrough will be demanded or not; it can provide some understanding of whether the risk taken will lead to success.

Careful planning can ensure long-term success. Even the continuity of the success achieved by taking risk is provided by long-term plans. This can be likened to a sailor on the high seas. If the port to be reached is to be considered as a result, it is necessary to analyze the external factors such as weather conditions and the durability of the boat. If a person knows the way which s/he walks; According to her/him, s/he will take measures and take steps to achieve success. Even success examples such as Facebook, Apple, and Samsung, which has been taken a risk, need short-term or long-term careful planning so that the success achieved can be permanent. It is possible to say that success can be obtained as a result of careful planning, however, there will be ambiguities about the magnitude of success. Taking risk can lead to greater successes. Careful planning is usually more reasonable and achieves standard achievements. While it is more likely to fail at the end of risk-taking, careful planning is most likely to guarantee success.

In conclusion, if you ask that taking risks or careful planning which one is more important in achieving success, my answer will be both are important and should be used together according to their place. When the circumstances allow and if it will not make a big loss, a taking risk will be a necessity for success. In addition to this, careful planning guarantees success as well as continuity of success. Obviously, it is clear that both ways have great importance to be successful. But which way to choose depends on conditions of sectors and external terms; and also it has to do with believing that which way to success will come from.

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Risk Taking And Careful Planning On The Way To Success. (2022, February 10). GradesFixer. Retrieved December 1, 2022, from https://gradesfixer.com/free-essay-examples/risk-taking-and-careful-planning-on-the-way-to-success/
“Risk Taking And Careful Planning On The Way To Success.” GradesFixer, 10 Feb. 2022, gradesfixer.com/free-essay-examples/risk-taking-and-careful-planning-on-the-way-to-success/
Risk Taking And Careful Planning On The Way To Success. [online]. Available at: <https://gradesfixer.com/free-essay-examples/risk-taking-and-careful-planning-on-the-way-to-success/> [Accessed 1 Dec. 2022].
Risk Taking And Careful Planning On The Way To Success [Internet]. GradesFixer. 2022 Feb 10 [cited 2022 Dec 1]. Available from: https://gradesfixer.com/free-essay-examples/risk-taking-and-careful-planning-on-the-way-to-success/
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