Decision Making and Risk Type
Every decision we make involves managing the balance between risk and opportunity. Very often employees navigate this complex maze at a subconscious level. It’s important to understand and measure the potential biases or tendencies to be pulled in one direction or the other when making decisions, in order to manage it effectively. Become certified in this scientifically valid and reliable online tool that helps assess differences in the way individuals make decisions and how they perceive, react to and manage risk.
The tool has a wide range of possible applications at individual, team, and corporate levels, such as selection and development, team building, understanding risk culture, and risk management.
The Risk Type Compass (RTC) facilitates discussion about decision making, risk tolerance, the suitability of Risk Types for risk-related roles. In sectors such as trading and financial services, it can help identify potential blind spots and ensure compliance obligations are met. Within the investment domain, it allows portfolio management to achieve more appropriate levels of risk suitability for clients. It is applicable through all industry sectors.
Completion of the online learning modules will equip you with the tools and knowledge to:
- Appreciate the importance of risk in your organisation
- Understand how Risk Types apply to a variety of industries, professions, and roles
- Deliver feedback to Risk Type Compass participants
- Implement enhancements to your organisation’s risk management strategy
- Interpret Risk Type Compass Group Reports and facilitate team workshops
This online certification is self-paced – You complete it at your own pace, in your own time.
It introduces you to a wide range of possible applications of the RTC, and you will gain an understanding of the origins, development, rationale, and strategic relevance of the tool.
The modules will guide you through case studies and interactive exercises to enhance your understanding of how people perceive, react to, and manage risk, and the possible implications on businesses.
Upon completion of the online modules, you will have a call with one of the experienced psychologists at KinchLyons to answer any questions you may have, and discuss best practices and share tips.
We can also provide in-house certifications on demand; in person or online, over the course of one day.
This workshop is led by an experienced trainer and introduces you to a wide range of possible applications of the RTC, and you will gain an understanding of the origins, development, rationale, and strategic relevance of the tool.
For further information, or to book your place, please contact us at firstname.lastname@example.org or on +353 (0) 1278 8727 or +44 (0) 203 868 6670.
This course will be held online. It is available on demand.