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The Power of Risk Management Decision-Making
Manage episode 444265900 series 3454586
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A risk-focused mindset ensures better informed, resilient decisions. This mindset leads to a Risk Management Decision-Making process that we describe in this podcast and explain how it differs from other decision-making approaches such as heuristics, satisficing, and cost-benefit analysis. We feature the five essential components—risk awareness, diversification, risk appetite and tolerance, risk-reward management, and competitive advantage—and discuss how these elements transform decision making.
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