How to Answer: Do you consider yourself a calculated risk-taker?
Advice and answer examples written specifically for an Amazon job interview.
6. Do you consider yourself a calculated risk-taker?
What You Need to Know
Jeff Bezos has built Amazon's culture around calculated risk-taking. This is built on the principle that many decisions and actions are reversible and do not need extensive study. As Jeff Bezos puts it, "I can guarantee you that none of these ideas are guaranteed to work. All of them are gigantic investments and they're all risks. The only way to get above-average returns is to take risks and many won't pay off. Our whole history as a company is about taking risks, many of which have failed and many of which will fail, but we'll continue to take big risks." This is a large part of the culture of Amazon.
Written by Kevin Downey on January 25th, 2023
How to Answer
Perform research on yourself and examine how you fit this mold. Give an example where you took a calculated risk and describe the result. If it failed, detail what you learned from it and what that failure contributed to your future success.
Written by Kevin Downey on January 25th, 2023
Entry Level Example
"I think life is all about taking risks. But I am not a gambler. I don't lean too heavily on chance. When you recognize an opportunity and realize you have more than just a chance to succeed, you have to take the time to weigh the odds and examine what you stand to gain and what is leaning in your favor. That's where it becomes a calculated risk. Sure, it might not work out, but if you approach it intelligently, recognize the odds of failure, and determine whether that failure could lead to learning and future success, then it feels like less of a risk as long as something stands to be gained. So in this regard, I would consider myself a calculated risk-taker."
Written by Kevin Downey on January 25th, 2023
Experienced Example
"I do consider myself a calculated risk-taker. In a previous job, I led a small team of developers creating a new Android app. Our team knew three competitors were working on a similar release, and we were racing against the clock. We had a few setbacks when two developers became ill, and one of the competitors had a larger marketing and PR budget. If they released their app first, our company would not make it. I decided to skip the beta-testing phase and release the app with an aggressive PR and marketing campaign. My risk paid off, and the company made $400,000 on the release."
Written by Krista Wenz on September 20th, 2021
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Being a risk taker however does not mean that I do not exercise due diligence when approaching a task for which I do not feel 100% prepared. Exercising due diligence is a sign of humility and respect that one does not take the responsibilities and trust that come with them lightly. For example, although I may have the experience to be able to show up at a customer engagement without prior preparation, I will perform some demonstrable preparation and/or research beforehand so the customer has evidence that I arrive invested in engagement outcome. Taking risks results from the fact that there is never enough time or resources to account for all the potential variables, the best we can do is to prepare ourselves so that those risks are based upon intelligence and due diligence. Demonstrating intelligent, due diligence is an avenue to gaining customer trust."
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