When working with a team that has different views on risk strategies, focus on a way of making decisions together that uses everyone's different ideas. Have honest conversations and use data to help guide those talks. By encouraging a shared responsibility and quick adjustments, the chosen method will not only bring the team together but also make it stronger overall. Think of each disagreement as a chance for new ideas, turning different opinions into a single, strategic plan that reduces risk and finds new chances. This approach builds trust and lets team members actively help, making sure there's a strong plan for managing risks.

In times of a divided team, deciding on a risk strategy depends on several key factors: the impact of the risk, the responsibilities of each team member, the costs of both the solution and the potential risk impact, and the team’s collaboration history. If the divide persists, the team leader may step in to make the final decision while acknowledging differing viewpoints. Consulting outside counsel for an objective perspective is also an option. Ultimately, the decision-making process hinges on these variables, and discussions continue until we reach a consensus or identify a better solution.

When my team is divided on risk strategies, I focus on aligning with regulatory requirements and data-driven insights. We look at the long-term consequences of each approach and choose the one that mitigates the most risk while supporting compliance and business objectives.

I would first of all start by using the correct terminology: choice of risk response. This helps understanding that there is no "one size fits all" and that the best response to use is based upon various factors, not necessarily in order of importance: 1. Proximity 2. Priority 3. Impact 4. Likelihood This is where the human factor comes into play: a risk-averse person is unlikely to approve a strategy like by a risk-seeking person. Fortunately, the team has a mandate to achieve the goals set for their activity/project/product, and to abide to the risk appetite and risk tolerance set by the shareholders/board/management. This duty to fulfill makes the task of electing the strategy quite simple, when supporting data are available.

To resolve divisions over risk strategies, use the Cost-Benefit Analysis (CBA) framework to evaluate each approach’s potential outcomes. Begin by quantifying the costs and benefits, as Intel does when assessing risk in product development. Combine this with the Delphi Method, gathering expert opinions to reach a consensus on complex risk issues. Facilitate open discussions using Interest-Based Negotiation, focusing on shared objectives rather than individual preferences. By prioritizing data-driven decisions and collective agreement, you can align the team on the most effective risk strategy.