Expert Insights on Managing Risk

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Risk management is an oxymoron, but it shouldn't be-because managing risk is exactly the thing that makes it possible to take risks in the first place. Knowing the essentials of risk management help you decide when to go big or go home.

WHAT YOU WILL LEARN

  • Acquire insights on how leaders can drive change by motivating employees to take risks and managing those risks effectively.
    Acquire insights on how to create value before you create risk by being an entrepreneur in your own or someone else’s organization.
    Acquire insights on how it is important for leaders to model risk taking and reward risk takers because risk taking is disruptive.
    Acquire insights on the importance of prudent risk taking to allow for failures.
  • Acquire insights on how to develop the skill of risk taking.
    Acquire insights on how to effectively manage risks for positive outcomes.
    Acquire insights on resources versus success and how to effectively manage resources for risk management.
    Acquire insights on how to build a healthy risk-taking framework in your company.

IN THIS COURSE

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    1.  Leaders Drive Change
    1m 45s
    Risk-taking is challenging by nature; because of the consequences it can bring. Rob James explains how to motivate employees to take risks and how to effectively manage those risks so that; even if failure occurs; employees won’t shy away from the next risk. FREE ACCESS
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    2.  Create Value Before You Create Risk
    5m 1s
    You can be an entrepreneur without going into business by being an entrepreneur in your own or someone else’s organization. FREE ACCESS
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    3.  Risk Taking Is Disruptive
    2m 31s
    There is a disconnect between a desire to innovate and the innovation process. You can’t scale down when you take risks; you need capacity and capability. Leaders should model risk taking and reward risk takers. Leaders should know how they show up in the world. FREE ACCESS
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    4.  Prudent Risk Taking
    1m 34s
    Risk-taking is a dance. The risk should be small; to allow for failure. FREE ACCESS
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    5.  Reframing Risk
    3m 37s
    Think of risk-taking as a skill you can develop. Normally we are in our green zone; where we’re comfortable. Don’t jump from there to a red zone risk; where it’s scary. Move into a yellow zone place of growth. Jodi Detjen gives an example of a person dealing with conflict. FREE ACCESS
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    6.  Effective Risk Management
    3m 43s
    First; identify the risk. See if you can eliminate it. If you can’t eliminate it; try to contain it. If you can’t contain it; keep an eye on it. If it still goes wrong; have a Plan B. Also; change the culture to reward eliminating risks before they become real. He calls that “Prelimination.” FREE ACCESS
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    7.  Resources Versus Success
    3m 53s
    Success is unrelated to the money and resources you have when you start. “Risk homeostasis” says if you lower risk in one area; you raise it in another. If you have a lot of money; you tend not to take chances. Better to spend the money on several different ideas. FREE ACCESS
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    8.  Healthy Risk-Taking
    3m 2s
    Taking the right kinds of risks contributes to an inspiring company culture that drives innovation. Discover what you need to build a healthy risk-taking framework. FREE ACCESS

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