Risk Aversion

There is a general view that public procurement staff are too “risk averse”. The Cabinet Office in their drive to improve wider “commercial skills” is we suspect looking at this – but it is a hard thing to pin down. So what exactly do we mean? Can we describe how we want people to act in a “non risk averse” manner (if we can’t do that then we will have a problem making it happen). And if we can describe it, how do we encourage / train people to behave in that way? 

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Peter Smith
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