Last week I read an article by The Boston Consulting Group called Business of Business is No Longer Just Business. In it they describe the heightened levels of uncertainty facing business leaders using examples of political, economic and technology upheavals. They went on to describe five things leaders should embrace to manage complexity:
- Build multilevel scenario analysis skills
- Become more resilient
- Shape the system
- Recreate the narrative
- Reframe leadership
In my mind they are asking leaders in organisations to reframe risk. To shift conversations about risk from ones about compliance, three lines of defence or assurance to conversations about finding and tackling risk that others shy away from.
In other words, you should reframe risk – to find opportunities where no one else is looking.
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YOUR DECISIONS DEFINE YOU.
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Bryan Whitefield works with strategic leaders across all sectors to help organisations harness uncertainty – uncertainty is the strategic leader’s best friend. He is the author of DECIDE: How to Manage the Risk in Your Decision Making. He is the designer of the Risk Culture: Build your Tribe of Advocates Program for support functions and the Winning Conversations Program (Previously called Persuasive Advisor) for internal advisors. Both can be booked individually or in-house. For more information about Bryan, please click here.
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