When to fold 'em

02/28/2010 | Harvard Business Review online

When deciding whether to confront a challenge or concede it, it's essential to fully grasp the odds, the capabilities of your employees and whether your personal attributes and abilities are equal to the task, writes leadership coach John Baldoni. "When you realize that a challenge is too great, especially one that is dangerous, backing down demonstrates more valor than foolishly forging ahead," he writes.

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