Structured Risk Taking - ZMC
Structured Risk Taking
Making informed risk-taking decisions is a complex process and all of us are risk takers in one way or the other.
It is a fact that the higher your degree of risk-taking skills in decision making, the larger the possibility of achievement. For this reason, it is significant to become skilled in risk-taking so as to deal with any situation which is complex and confusing.
It is an established fact that taking thoughtful risks can propel your growth and development to a new tangent not only in your personal aspect but also in your professional life or wherever you wish to grow.
In this masterclass, you will learn about the different factors that contribute to a risk taker’s success.
What is risk?
- The definition of risk is the potential for suffering or loss.
- What are some things that could make you suffer or lose?
- When do we say an action is risky?
The cost you pay if you take the risk and the price you make if you take the risk
- An insight into the cost of risk and profit you can make by taking risks.
- By developing the right mindset and approach, you can use it to your advantage.
De-risking risk
- Stakes repercussion and impact matrix (SRI)
- Balanced risk-taking
Making not-so-obvious misses among the obvious choices.
- Past experiences and dominant logic make us replicate similar choices without being mindful of what can go wrong in a new context.
Dealing with Unprecedented 'First-Time Risks'
- These are unknown emerging risks which is outcome of technology disruption, volatile business landscape and the world's increased connectivity with no references to fall back on.
Fathom the impact of Outliers (Rare and Unpredictable Risks)
- 'High probability of low probability events'
Extrapolating Long-Term Impact of a Decision
- Not seeing the thunderheads gathering this week or this month but anticipate the nasty weather three to five years from no
Preparing for black swan -The pandemic prediction
- Preparing for black swan is not easy and in order to take some measures to minimize the damage it probably requires a lot of highly structured risk-taking.
Skills to Handle Ambiguity
- Art of Asking Questions
- Building Emotional Agility
- Art of Skilful Conversation
- Building Trust
What Are the Major Takeaways?
– Gaining a perspective on the important steps in risk-taking
– Knowing about the various qualities that favor risk-taking
– Being able to view risks as opportunities
– Understanding the personality characters of effective risk takers
– Knowing the different self-skills that promote risk-taking
– Understanding the personality characteristics of effective risk-takers
– Decision Making Model Ascertaining stakes, implication, Impact & taking calculated risks.
– Knowing about the various qualities that favor risk-taking
– Being able to view risks as opportunities
– Understanding the personality characters of effective risk takers
– Knowing the different self-skills that promote risk-taking
– Understanding the personality characteristics of effective risk-takers
– Decision Making Model Ascertaining stakes, implication, Impact & taking calculated risks.
What can you expect from the session?
– Balanced Risk-Taking
– Tackling in Uncertainty Like A Pro-
– Make Decisions in Crucial Situations
– Understand Characteristics That Promote Risk-Taking Behavior
– Viewing Risks as Opportunities
– Seize the Critical Situations to Your Favor
– Prepared for Potentially Risky Situations?
– Ability to Take Risks to Create an Edge in Your Job
– Tackling in Uncertainty Like A Pro-
– Make Decisions in Crucial Situations
– Understand Characteristics That Promote Risk-Taking Behavior
– Viewing Risks as Opportunities
– Seize the Critical Situations to Your Favor
– Prepared for Potentially Risky Situations?
– Ability to Take Risks to Create an Edge in Your Job
Who should attend?
– Senior & Middle-level executives handling scale, scope, complexity, & high degree of ambiguity.
– Self-employed individuals and freelancers trying to find a new territory.
– Individuals who aim to handle unfamiliar terrain, first-time situations with grace & method.
– Individuals who find it difficult to make decisions in crucial situations.
– Individuals have difficulty viewing risks as opportunities
– Self-employed individuals and freelancers trying to find a new territory.
– Individuals who aim to handle unfamiliar terrain, first-time situations with grace & method.
– Individuals who find it difficult to make decisions in crucial situations.
– Individuals have difficulty viewing risks as opportunities
