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 level, 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 blindspots 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 workshop 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
Our one-day 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.
The trainer 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. You will also conduct a practice feedback session with a course colleague, to apply your theoretical learning into practical experience.
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.
Psychological Society of Ireland
Grantham House, Grantham St, Saint Kevin’s, Dublin 8, D08 W8HD