Making Risky and Important Decisions: A Leader's Guide

This book provides practical insights for leaders making risky and important decisions, offering a process for making risk-intelligent decisions and explaining complex ideas simply. It puts the decision-maker at the center and shows how to determine the appropriate level of risk, make decisions in uncertain and turbulent conditions, understand how risks are perceived, and develop new behaviors to improve decision-making.

Format: Paperback / softback
Length: 128 pages
Publication date: 11 June 2021
Publisher: Taylor & Francis Ltd

This book is a valuable resource for leaders who must make critical decisions in risky and high-stakes situations. The authors present a comprehensive process for making risk-intelligent decisions, simplifying complex concepts, and navigating the intricate web of interrelated influences when groups make decisions that have significant implications. By placing the decision-maker at the center of the approach, the book explains how individuals can think and act differently to improve their decision-making outcomes more consistently.

The book offers practical guidance on determining the appropriate risk level, making decisions in uncertain and turbulent environments, understanding how risks are perceived to identify them accurately, and developing new behaviors to enhance decision-making skills. Drawing upon their extensive expertise, Ruth Murray-Webster and David Hillson have built upon their previous groundbreaking publications, including Understanding and Managing Risk Attitude, Managing Group Risk Attitude, and A Short Guide to Risk Appetite.

These books have established themselves as authoritative textbooks, despite their relevance to real-world situations. In their latest offering, Making Risky and Important Decisions: A Leaders Guide, the authors have expanded the scope of their work, incorporating new insights and perspectives. They have distilled this wealth of knowledge into a practical and accessible guide that is tailored to the needs of hard-pressed leaders.

Throughout the book, the authors employ a clear and concise writing style, making complex ideas accessible to a wide audience. They use illustrative examples and case studies to demonstrate the application of the principles and strategies discussed, providing readers with practical insights and tools they can use in their own decision-making processes.

One of the key strengths of this book is its emphasis on the decision-maker's mindset. The authors encourage leaders to adopt a proactive and analytical approach to risk management, challenging traditional approaches that may be overly cautious or risk-averse. They encourage leaders to embrace uncertainty and to view risks as opportunities for growth and learning.

Another notable aspect of the book is its focus on developing new behaviors that can improve decision-making outcomes. The authors suggest that individuals can enhance their decision-making skills by cultivating a growth mindset, seeking out diverse perspectives, and practicing mindfulness and self-awareness. They also provide practical strategies for managing decision-making biases and overcoming cognitive limitations, such as confirmation bias and overconfidence.

In conclusion, Making Risky and Important Decisions: A Leaders Guide is a comprehensive and practical guide for leaders who must make critical decisions in risky and high-stakes situations. By placing the decision-maker at the center of the approach, the book offers valuable insights and strategies for improving decision-making outcomes. The authors' extensive expertise and clear writing style make this book an essential resource for anyone seeking to enhance their leadership skills and make better decisions more consistently.

Weight: 240g
Dimension: 155 x 231 x 12 (mm)
ISBN-13: 9780367702342