I heard these questions on ABC Radio (that is the Australian Broadcasting Corporation) recently. How are these for three great questions you can ask to help you make a decision? 1. What are my options? 2. What is the chance this will benefit me? 3. What is the chance this will harm me? These were
Over the past six months I have become involved with Jason Gotch and his Organisational Resilience Working Group which has a dedicated LinkedIn Group if you are interested in joining. Yesterday I replied to an email from a member in the group on the topic of Organisational Resilience vs Risk Management and gave some thoughts
When a decision is a tough one, it is often a choice between two alternatives that could both end up with “similar” results. Similar can be as in comparing a Navel orange to a Valencia orange or a Navel orange to a Granny Smith apple or a Navel orange to a mango or snow peas
On Friday I was meeting with a GM of a major bank. A non-risk professional working in the “Line 1” which is risk speak for the first line of defence in the Three Lines of Defence (3LOD) risk management model. I commented that the biggest challenge facing the risk profession was getting our message across.
Intuition can be a powerful decision tool, however it is so often misused. If you are not aware of the times when you could or should follow your intuition then you are most likely taking a big chance on the outcome – then you will certainly need guts. The times you should use intuition are