Ten Essential Skills for Surviving and Thriving in Uncertainty
Risk Intelligent decision-making
The global economic recession has propelled executives globally to revisit and reevaluate how they view risk. The best way to move forward from here remains unclear for many. What are the key decisions that affect enterprise success or failure, and who gets to make them? How must risk factors be incorporated into a strategy to make it a robust and potentially rewarding one? What are the risks that must be avoided to survive – and the risks that must be taken to thrive?
“Risk Intelligent decision-making : Ten essential skills for surviving and thriving in uncertainty” introduces an unconventional, “risk intelligent” approach to risk management and decision making. Co-authored by Frederick Funston, retired principal, Deloitte & Touche LLP, Stephen Wagner, former managing partner for Deloitte & Touche LLP’s U.S. Center for Corporate Governance (now retired), and Henry Ristuccia, partner, Deloitte & Touche LLP, this article identifies 10 risk management flaws that have been major factors in economic crises and failures and offers leaders 10 essential risk intelligence skills to counter these flaws.
These skills can be used to help exercise better judgment and make better decisions under even the most uncertain and chaotic conditions.
To read more, download the full article below, which originally appeared in the Summer 2010 edition of Deloitte Review.
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