‘Taking risks is an essential part of life and should be encouraged.’ Discuss

YES: In some circumstances, risk-taking yields many positive benefits and experiences to both individuals and societies, making it essential to life.

  1. Major turning points in life such as entering the workforce, marriage or retirement are the basis for our maturation as human beings of dignity and individuality, and we should take the risks inherent to these stages by stepping beyond our personal or emotional comfort zones to fully reap their advantages.

  2. Risk-taking is essential to many businesses and should be undertaken when doing so helps put one in an advantageous position to expand or deepen one’s business operations.

  3. For many individuals and organizations, risk-taking should be encouraged if doing so nurtures one’s ethical position and contributes to the fulfillment of our long-term personal and societal objectives.

NO: In some circumstances, risk-taking yields either detrimental or only marginally useful outcomes to individuals and societies, making it less essential to life. 

  1. For some, major turning points in life such as entering the workforce, marriage or retirement require us to take a more cautious approach given their inherent risks or our own lack of preparation, and we should not take unnecessary risks that are harmful to ourselves.  

  2. Risk-taking should not be discouraged in business when such actions put the well-being and financial position of the company at risk or exposed to the machinations and plots of one’s rivals.

  3. In many cases requiring thorough judgment and perception of all available information, risk-taking should be discouraged for both individuals and organizations as such actions may compromise one’s ethical position or sabotage the fulfillment of our long-term personal and societal objectives.