Almost all business decisions involve making a prediction about the future which involves assessing risk. Yet, based on our upbringing and biology, we almost all think differently about risk. Here are some differences I commonly see:
1. Some people overestimate the probability of bad things happening and are resistant to change.
2. Some people underestimate the probability of bad things happening and seek change and enjoy taking a risk.
3. Others vacillate depending on their mood.
An interesting exercise to do with your team is to ask people how they think about risk and how their views were shaped by their upbringing and the way they are wired (biology). Once you have recognized the individual differences, you can discuss the implications for decision making on your team.
Coach Rob
rob@leadersconnect.com
www.robertpasick.com
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