RESPONSIBLE RISK-TAKING

This article examines the concept of ''responsible risk-taking.'' What does it entail? How prevalent Is it! What is its effect on productivi ty improvement? The authors examine these questions and report the res ults from a national survey of municipal managers. Findings shaw that many senior local government managers are responsible risk-takers, and that such orientations are associated with high levels of productivit y and low levels of litigation. However, about 17 percent of the respo ndents are found to be at-risk entrepreneurs.