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Failure is definitely a learning experience. And i also agree that operations managers should have risk taking attitude. In operations term, risk taking has a measurement and there’s always a ‘buffer’ with the ops manager. It’s true that every success and failure should be properly documented. It can be used in almost every step of operations strategy development. But theres’ always a cap to the rate of failures. An Ops manager or any manager infact will not appreciate high failure rate. There always a small but significant level of experimentation or risk taking involved. There are many reasons why managers cannot allow high degree of risk taking. Firstly, every production/operations environment is governed by some quality standards- like Total Quality Management(TQM), Six Sigma or maybe some inhouse quality management system. In reality, Quality management systems do not allow deviations from ‘documented parameters and standards’. So in a way QM systems keep a close tab on ops activity. Secondly, In manager’s world everything starts from cost and ends at cost giving the byproduct of profit. So the ops manager is pretty tied up. It’s a delicate game. The manager needs to devise a way to allow ‘priority risk taking’(interesting word) and keeping in accord with QM and cost factors.
A manager will do anything at his disposal to avoid a fail situation. It’s a test an opportunity. As for risk taking, there’s a thin line between being brave and being mad. There’s no place of madness in real business.

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