To take a calculated risk
Meaning
To proceed with an action after carefully evaluating the potential benefits against the potential drawbacks and likelihood of success.
Origin
In the high-stakes arenas of 20th-century warfare and burgeoning global commerce, decision-makers faced unprecedented complexity. Gone were the days of purely intuitive gambles; the era demanded a scientific approach to uncertainty. Generals and CEOs alike needed to make moves that, while inherently dangerous, were grounded in rigorous analysis. Thus, the phrase "calculated risk" emerged, crystallizing the idea of a deliberate wager—one where all known variables, potential outcomes, and the probability of success or failure were painstakingly weighed before a decisive step was taken. It represented a sophisticated evolution in strategic thinking, transforming blind leaps into informed, if still audacious, pursuits.
Examples
- She decided to take a calculated risk by investing heavily in the new startup, believing the potential returns outweighed the initial uncertainty.
- Before expanding into the new market, the company's board had to take a calculated risk, confident in their market research despite the fierce competition.