What do you do if your strategic decision making in leadership is leading to potential risks?

Risk and Business go hand in hand...so if you are in business or running a business, do expects Risks...and no matter how much you asses and mitigate, there some Risks that you can't predict. I.e. the pandemic. While mitigating and eliminating Risks are what most business schools teach, Entrepreneurs and those who made thier businesses will tell you to take some risks...beacuse the upside can be huge if they turn successful...the opposite is also true...that's why they ask: what's your risk appetite...beacuse guess what, its an appetite and everyone has a different appetite! Bon appetite!

Ante todo, entender que el riesgo es una parte intrínseca del liderazgo estratégico. Tomarte el tiempo para evaluar cuidadosamente los riesgos potenciales antes de tomar una decisión es crucial. ?Cuáles son las consecuencias posibles? ?Cómo afectarían a tu equipo y objetivos a largo plazo? Utilizá herramientas de análisis de riesgos para cuantificar y comparar las opciones. Reconocer y prepararse para los posibles desafíos te permite no solo minimizar las amenazas sino también identificar oportunidades ocultas dentro de esos riesgos.

I confront potential risks stemming from strategic decision-making in leadership by conducting thorough risk assessments, gathering diverse perspectives, and fostering open communication. By proactively identifying and mitigating risks, while also embracing uncertainty as an opportunity for innovation and growth, I ensure that strategic decisions are informed, balanced, and aligned with organizational goals.

In the moving industry, risk assessment is crucial due to the myriad of potential issues that can arise, from damaged goods to logistical challenges. As a leader, I've found that involving the entire team in the risk assessment process not only helps identify potential problems but also fosters a sense of ownership and responsibility. Using tools like SWOT analysis can also help identify hidden opportunities, turning potential risks into avenues for growth and improvement.

Don't just identify the potential risks, assess the likelihood of them occurring and the severity of the impact if they do. This will help you prioritize which risks to address first and allocate resources accordingly. Also, consider creating contingency plans for the most significant risks to minimize potential damage if they materialize.

Just because it's 'strategic' doesn't mean that it's purely an issue for the leadership to think about. More junior members of the team or organisation may have some great ideas on what could contribute to strategic plans. They may not be able to articulate them in a strategic way, but listening and digesting is a core aspect of being a good leader. So always asking for ideas or contributions is critical and will help spread your thinking and share the burden of problem-solving.

Don't be afraid to leverage the expertise of those around you. Schedule brainstorming sessions with your team, conduct surveys with stakeholders, or seek guidance from a trusted mentor. By incorporating diverse perspectives, you can gain a more comprehensive understanding of the potential risks and develop more informed decision-making strategies. In addition, consider engaging external consultants with specialized knowledge in the area of your strategic decision. Their objective viewpoint can be invaluable in uncovering blind spots and identifying potential risks you may have missed.

No estás solo en el proceso de toma de decisiones. Aprovechá la riqueza de conocimientos y experiencias de tu equipo, mentores y red de contactos. Pedir consejo y buscar distintas perspectivas puede revelar aspectos que no habías considerado y ayudarte a formar una visión más completa de los riesgos y oportunidades. Esta información te equipa mejor para tomar decisiones informadas y estratégicas, minimizando riesgos mientras maximizas el potencial de éxito.

Consider revising your initial plan to mitigate the potential risks. This might involve altering timelines, resource allocation, or even the core objectives themselves. Be transparent with stakeholders about the adjustments and communicate a clear revised course of action. Involve your team in this process. Their insights and experience can help you identify creative solutions and ensure everyone is on board with the revised strategy.

The greatest trait of any leader is the ability to adapt and accept their mistakes. In truth, a mistake is only a mistake when done twice. As a leader is it imperative to assess the risks and situations and adjust as quickly as possible.

La flexibilidad es clave en el liderazgo. Una vez que has evaluado los riesgos y recopilado información, estar dispuesto a ajustar tu estrategia es esencial. Quizás necesites cambiar el curso de acción basándote en nuevos datos o feedback. Este ajuste puede ser desde una peque?a modificación hasta un cambio de dirección completo. Lo importante es mantener el objetivo final en mente, siendo ágil y adaptable para navegar por el paisaje cambiante del negocio y asegurar el éxito a largo plazo.

I conduct a thorough analysis to understand the nature and extent of the risks involved. This involves gathering data, seeking feedback from team members, and consulting with stakeholders. Based on this insight, I reassess our objectives and consider alternative approaches that mitigate risks while still aligning with our goals. This might mean pivoting our strategy, reallocating resources, or introducing new safeguards. Flexibility and willingness to adapt are key to navigating uncertainties and ensuring the long-term success of our initiatives.

As a sales head, I've encountered situations where strategic decisions have led to unexpected risks. In one particular instance, our initial sales strategy faced unforeseen regulatory hurdles that threatened to derail our progress. Recognizing the need for immediate action, we pivoted our approach by reassessing priorities and reallocating resources to ensure compliance while still driving towards our objectives. This experience taught me the importance of staying agile and adaptable in the face of challenges, and the value of putting the needs of our customers and stakeholders first. By making strategic adjustments with a human touch, we were able to navigate through uncertainty and ultimately achieve success.

The most effective controls for managing strategic risk are those that are an extension of the risk assessment conducted at an earlier stage. When you think you have designed all of the necessary controls, conduct a "murder board" to identify your blind spots. Your decisions will be carried out by employees across your organization. Those individuals' questions will help you see which controls are lacking in clarity, intent, quantifiable measures, etc. They will offer feedback on whether or not the phases/milestones help establish a common operating picture. These conversations are invaluable. The best controls don't focus solely on prevention, they focus on empowering your team to act in the absence of additional guidance.

Después de ajustar tu estrategia, establecé controles que te permitan monitorear el progreso y mitigar riesgos de manera efectiva. Esto puede incluir checkpoints regulares, indicadores clave de rendimiento (KPIs) específicos y sistemas de alerta temprana. Estos controles no solo te ofrecen una visión clara del avance hacia tus objetivos, sino que también te preparan para responder rápidamente si las cosas no van según lo planeado. Implementar estos mecanismos de seguimiento asegura que mantengas el rumbo y minimices los impactos negativos.

En momentos de cambio o incertidumbre, una comunicación clara y transparente es vital. Mantené informado a tu equipo sobre las decisiones tomadas, los riesgos identificados y cómo se planea abordarlos. Explicá el razonamiento detrás de los ajustes en la estrategia y cómo cada miembro puede contribuir al éxito. Esta apertura fomenta un ambiente de confianza y colaboración, vital para navegar juntos los desafíos. Una comunicación efectiva asegura que todos estén alineados y comprometidos con la visión compartida.

you may embrace failures and setbacks as opportunities for learning and improvement. Conduct post-mortem analyses to understand the root causes of any adverse outcomes and identify lessons learned that can inform future strategic decision-making.

Reflecting on your experiences (generated by taking action) is a necessary step to maximise learning. Take your time with the reflection, and ask yourself more open-ended questions to go deeper. Don't settle for surface-level lessons. Get specific. That thing that seemed to work– what specifically was it that you did that created impact? Look for the behavioural pieces. These are observable and reproducible. And get curious about your mindset and energy at the time - what type of thoughts were you thinking?

Cuando nuestras decisiones pueden poner en riesgo diversos factores, lo más importante es: ?? Entender que es la mejor decisión, evaluando variables. ?? Analizar los riesgos y posibles soluciones a los mismos, tratando de generar el menor riesgo

Speaking as a Board Director, the most important element of risk is being able to identify it and categorise it. Some risks are worth it. When the decision has been made that the benefits outweigh the disadvantages then risk-taking is essential. However, not all risks are good. And not all people who are experiencing the consequences of risky decisions will appreciate the choice. So if your strategic decision-making has led to risks that make others uncomfortable it's vital to reassure them. Most people - from employees to the Board - will respect a decision taken if they know the reasons behind them and the reasons are valid. Sometimes they'll ask questions, but often those questions will be helpful.

Leadership resonates with 'Leading by Examples', taking and managing risks are a part of the process, creates a CULTURE of COLLECTIVE INTELLIGENCE with GROWTH. We rise above with each risk taken, uplevel the ladder with each step in our plan-of-action. Few tips: - Perform SWOT analysis of every situation - Involve respective stakeholders, foster shared responsibility, have a thorough evaluation - Be consistent in making adjustments, flexibility and adaptability is the key - Establish a governance model, create a clear communication plan - Explain steps in process, rationale behind the decisions to build trust - Regularly evaluate mitigation plan - Reflect and learn from what worked well, what didn't, document for future planning processes

Toda decisión implica un riesgo, pero lo más peligroso es no entender el porque tomamos esa decisión. Nuestra conducta está condicionada por suposiciones o percepciones que damos por ciertas y nuestro sistema de decisiones se basan en lo que creemos saber. Cuando el enfoque no es el adecuado contar con más información no resulta de utilidad, y menos aun, si de entrada arrancamos con una suposición erronea.

finally , Build resilience Strengthen the organization's resilience and capacity to manage risks by investing in robust governance, risk management, and compliance frameworks. Foster a culture of risk awareness, accountability, and continuous improvement throughout the organization