Colombus Case Extrapolated To

Part I of Essay
The discovery of America by Christopher Columbus shows how organization leaders take risks. Columbus was confronted by complex situations and people challenged him to prove his theories. In 1492, C. started a journey that began as a crazy thought but became an historical c ....

Part II of Essay
.... To take risks one must be confident of the facts that take place in certain situations; therefore, the power to convince becomes a reality to the decision takers. Columbus convinced the Spanish sovereigns through an elaborate plan to win much more than they could lose and also negotiated with them to get a tenth of the profits and be named Viceroy of the new lands. Organization leaders should take advantage of risk taking in fields, which are unexplored by competitors. The Negotiation factor also becomes an interesting matter for managers i ....