Risk Fascinates

One of the defining characteristics of risk is that if fascinates us.  In part because it is powerful and in part because it can be frightening.  It attracts us and repels us at the same time. A new novel by Christopher Reich called “The Prince of Risk” was just released.  It is selling well.  No […]

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The Risk Overhang – Which Can Lead to the Risk Hangover

Corporate, organizational and personal risk profiles are dynamic and situational.  Dynamic in that they change often.  By the nature of organizations having a more gradual decision-making process than individuals, their risk profile changes more gradually.  Individuals, on the other hand, may change their risk-profile much more often based on successes, set-backs, access to capital, financial […]

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The Risk Tension

There is an innate tension when it comes to risk – between the knowledge that we need to take thoughtful risks and the desire not to.  These two elements are the basis for the logo for the Research Institute for Risk Intelligence. The blue and the purple are offset at juxtaposition but also complement one […]

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Lead So Your People Think Like Founders

Peter Thiel was a co-founder of PayPal and the first outside investor in Facebook. When he offers insights on how big companies can be more like startups, it’s worth listening. His observation is that companies can be innovative and agile when they are led by founders or a person who is as close to a […]

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Subjectivity in Risk Assessment

In my book The Power of Risk (Maxwell Press), I discuss how we see a risk as less threatening if we see the value the potential rewards of the risk.  By contrast, to the extent we do not value the potential rewards of a risk, we tend to see the risk as more threatening. It is […]

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Common Perceptions of Risk

Consider the definition of risk from the Merriam-Webster Online Dictionary: risk 1: possibility of loss or injury 2: someone or something that creates or suggests a hazard 3 a: the chance of loss or the perils to the subject matter of an insurance contract; also: the degree of probability of such loss b: a person […]

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A Definition of Risk

Risk touches all aspects of our professional and personal lives. At its core, business is about managing risk. It is about risking time and resources in search of a positive return. A company that stops risking will soon no longer exist. It is not possible to remain in business without taking risks successfully. Achievement is […]

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