Detailed Description

Taking Smart Risks
Purpose:
Leading for Performance-Taking Smart Risks (LFP-TSR) teaches managers a three-part process for successful risk taking: 1) identify risk actions, 2) analyze, and 3) develop risk protection.  Each part of the process uses real-life examples that participants bring along with them, so each lesson taught is more meaningful and useful. 

Process:
At the completion of this course, participants will be able to:

1. Apply a systematic process to recognize opportunities where taking a risk may be an opportunity
2. Apply a 4-step process (see model above) to analyze a risk, with a view of stakeholders and intuition
3. Develop “insurance” to minimize the downside with a systematic risk protection plan

Payoff:
Participants are better able to make sound risk decisions and avoid costly mistakes caused by a poor decision making process.

Target Audience:
Anyone responsible for making sound risk decisions.

Program Duration:
1/2 Day