5 rules for managing risk
TRANSCRIPT
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Does your organization avoid risk?
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Holly G. Greenthe architect of pause™
&thinking to thrive expert
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Don’t just play to not lose. Play to win.
You have to have some failure to know you are pushing hard enough!
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Learn to manage & mitigate risk:1. Accept the need to take
risksWhat got you here, won’t get you to the next place.
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Learn to manage & mitigate risk:2. Compare the risk vs. the
returnTake measured risks where the return outweighs any potential fallout.
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Pause long enough to truly calculate risk & get intentional about minimizing or mitigating actions
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Learn to manage & mitigate risk:3. Make decisions based on
dataGather confirming & disconfirming data.
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We don’t believe what we see…We see what we already believe…
…and we seek constantly to prove ourselves right so actively try to prove yourself wrong
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Learn to manage & mitigate risk:4. Do a reality check
Do you have what you need in place?
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Learn to manage & mitigate risk:5. Always have a plan B.
Pre-think what could go wrong & prepare.
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