Decision risk
Decision risk is the possibility that a choice will have consequences other than expected, especially in the presence of incomplete data and uncertainty.
Definicja
Decision risk is not a reason not to decide. It is an element of every major decision. They can be reduced by collecting data, defining scenarios, assessing probabilities, setting a loss threshold and preparing a response plan. The goal is not to eliminate risk, but to make it aware.
Kluczowe idee
Brak kluczowych idei.
Praktyka i życie
Before making a decision, write down: the best-case scenario, the worst-case scenario, the cost of not making a decision, and the point at which you will change course.
Częste błędne rozumienie
It is a mistake to confuse caution with avoiding decisions. It is also a mistake to take risks without naming their scale.
Pytania do autorefleksji
Brak pytań do autorefleksji.
Źródła
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