Understand your risk appetite and improve business decision making
What is your organisation’s appetite for risk? What is your willingness to accept or avert risks? What are your motivators when taking risks? Your answers to these questions determine the approach you will take when making decisions and your propensity to make a ‘balanced decision’. How you manage risk will affect your career, professional and personal growth. Collectively, how the people in an organisation manage risk will determine how successful the organisation will be in achieving its desired outcomes.
TMS presents the paper The Psychology of Risk.