What’s it all about? Whether you realize it or not, you and your organization take risks large and small every day. Risk touches every aspect of our lives and our work. Even the most cautious among us cannot opt out – the question is always which risks to take, not whether to take them at all. What most of us don’t know is how to measure those risks and maximize the chances of getting what we want. Economist and author Allison Schrager closes the conference with a provocative look at how we strike the right balance between caution and compliance on one hand and agility and entrepreneurship on the other. Allison will share stories from her book, “An Economist Walks Into a Brothel,” that will equip you with five principles for dealing with risk, principles used by some of the world’s most interesting risk takers. For example, a surfer deciding whether to challenge a 50-foot, career-record wave in shark-infested waters. This is a bit different from conventional risk assessment, but who is to say whether regulators, compliance experts, and insurers understand risk better than a poker player or horse breeder!
Why you’ll want to participate in this session.
- By looking at cultures outside your organization, particularly in some non-traditional businesses and activities, you’ll see innovative approaches to risk assessment and management.
- Break down the pros and cons of traditional risk management from its conservative base in the banking and insurance worlds and consider the best of these practices you want to maintain for your HR risk management strategies and the ones that no longer serve your higher good.
- In the process, learn how to become an organizational leader for reassessing organizational risk, so that your workplace can be stable and creative at the same time.
Approved for: SHRM Credit- 1.0 PDC; and HRCI Credit- 1.0 Business Credit.