A PM's guide to calculated risk-taking - LogRocket Blog
Briefly

The phrase 'ask for forgiveness rather than permission' reflects a core tension in product management, encouraging bold moves while also demanding effective risk management. Product managers often face pressure to innovate and differentiate products in competitive markets. Successful companies like Netflix and Airbnb exemplify this ethos, having disrupted industries by ignoring caution and challenging norms. However, many product managers have faced negative outcomes by embracing this philosophy without adequate risk assessment. Understanding the distinction between constructive risk-taking and reckless behavior is crucial for long-term success in the field.
The concept of 'ask for forgiveness rather than permission' embodies a bold innovation philosophy, yet can lead to career setbacks if risk management is neglected.
In product management, the balance between innovation and recklessness relies heavily on effective risk management and understanding real-world consequences.
Examples like Netflix and Airbnb showcase how product managers, daring to defy conventional wisdom, can transform industries, highlighting both the risks and rewards of bold initiatives.
While embracing risks through the agile framework is essential, aspiring product managers must also remain vigilant against the potential negative repercussions of their actions.
Read at LogRocket Blog
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