Accurate identification of these all-important risk instincts will enhance decision-making performance at all levels of the organisation
Neuroscience identifies the personal biases that come into play whenever we make decisions. Two independent systems contribute to this, Emotion (how anxious or fearlessly risk-embracing we are) and Cognition (the degree to which we can tolerate uncertainty or need to make sense of everything). Emotion and Cognition combine in predictable ways to establish each individual’s distinctive decision-making style. Research demonstrates how these individual differences in risk instinct are compounded within the dynamics of group thinking, creating the undercurrents that shape our decision making.
How to implement the Risk Type Compass decision-making tool within your workplace
To administer the Risk Type Compass questionnaire, you must complete a qualification workshop, either live on Zoom or on demand via our online learning platform.
This certification course provides extensive information about how to interpret and give feedback on an individual’s Risk Type Compass profile, guidance on facilitating team development sessions as well as an overview of how to apply the tool to support organisational effectiveness. Alternatively, we offer an extensive consultancy service to support your use of the Risk Type Compass and enhance decision-making effectiveness, by delivering feedbacks and team workshops.
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David R. Koenig
QRD®, Author of Governance Reimagined, The Board Member’s Guide to Risk, and Life at the Nexus“Understanding our personal risk preferences – our risk personality – is one of the most underappreciated aspects of successful performance in our work. Even more important is understanding the collective risk personality of those in the room with us and how individual members of the group relate to the others. We each bring something unique to our interactions, and to be most effective and minimize the potential for conflict, gaining insights from the Risk Type Compass assessment is invaluable. I highly recommend it when working with board members, boards of doctors, and successful executives. The insights are that powerful!”