There’s a nice chapter in the ‘Art of Action’ about the approach towards taking risks in the Prussian army:
“There should be no fear of punishment if a calculated risk fails to pay off. Sins of omission should be regarded far more serious than sins of commission.”
This links back to the notion of ‘risk taking’ rather than ‘risk management’. It also means that by avoiding punishment, it’s developing an environment to ensure that risk taking continues, which is, after all inherent in every decision so long as it is calculated and aligned with what Bungay describes as ‘directed opportunism’.