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 Risk is a seemingly simple word that confounds most organizations when it comes to achieving strategic outcomes. We prefer the word uncertainty. Uncertainty includes maximizing strengths, not just minimizing weaknesses. Appreciating our strengths helps increase the probability and magnitude of good things happening or what we call positive risk. Risk: A Primer for Business Leaders – Part IV (Uncertainty and Strategic Decision-Making)12/29/2018  Risk is a seemingly simple word that confounds most organizations when it comes to achieving strategic outcomes. We prefer the word uncertainty. Strategic decision-making is a good place to start when developing a comprehensive approach to handling uncertainty. Sallie Lux of Brouse McDowell shares an in depth look at the American Law Institute's Restatement of the Law regarding liability insurance. Part I of Sallie's article explains the importance and history of this work. Doc Hall returns to our newsletter with a thought-provoking three-part essay on the risk of thinking we know the truth of things. Part III challenges us to build organizations that excel at vigorous learning.
 Risk is a seemingly simple word that confounds most organizations when it comes to achieving strategic outcomes. We prefer the word uncertainty. How did insurance come to dominate thinking about uncertainty and what can business leaders learn from Warren Buffett – the Oracle of Omaha?
 Doc Hall returns to our newsletter with a thought-provoking three-part essay on the risk of thinking we know the truth of things. Part II challenges us to keep improving our systems for learning. Risk is a seemingly simple word that confounds most organizations when it comes to achieving strategic outcomes. We prefer the word uncertainty. Learning about uncertainty starts with developing an understanding of historical efforts to address the concept of probability. Doc Hall returns to our newsletter with a thought-provoking three-part essay on the risk of thinking we know the truth of things. Part I challenges us to make the effort to be life-long learners. This article series addresses the concept of risk – a seemingly simple word that confounds most organizations when it comes to strategy and tactics. What is risk? Getting to a clear and consistently understood definition of risk is a fundamental of good business leadership. |
AuthorsLori Siwik and Mark Siwik are the founders of SandRun Risk. They apply the principles of vertical leadership and lean six sigma to the discipline of risk management. From time to time they share their blog with guest authors who write about important risk management principles. Categories
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