2784. Tell me about a time when you took a calculated risk

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Interviewer

Describe an occasion when you decided to take a risk after careful consideration and evaluation of the potential outcomes.

Skill Assessed
  • 1. Risk assessment : Ability to evaluate the potential positives and negatives of an action to make an informed decision.

  • 2. Decision-making : Capable of making choices that may not always guarantee success but are based on logical reasoning.

  • 3. Critical thinking : Employing analytical skills to assess situations and determining when taking a risk is worth the potential reward or outcome.

  • 4. Judgment : Demonstrating sound judgment in weighing the advantages and drawbacks of a risky opportunity.

Purpose
  • 1. Assessing risk management : To understand how you identify, analyze, and approach risks in your professional tasks.

  • 2. Evaluating problem-solving abilities : To see if you can navigate complex situations where the outcome is uncertain.

  • 3. Judging decision-making skills : To gauge your ability to make thought-out decisions, particularly when under pressure or faced with tough choices.

  • 4. Understanding of consequences : To discern whether you are able to anticipate potential consequences of your actions, both positive and negative.


Hints
  • 1. Discuss the context : Provide the background of the situation that led you to take the risk, illustrating the thought process behind it.

  • 2. Explain the pros and cons : Articulate the potential benefits and drawbacks you considered before taking the risk.

  • 3. Share the outcome : Talk about the actual results of your decision, regardless of whether it was a success or failure, and what you learned from it.

Tags
Topics: 
Problem Solving
Roles: 
Software Engineer
Companies: 
Oracle
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