The key to understanding and managing risk is to improve your organization's ability to detect, assess, respond, and learn from potential threats using risk control factors such as communication, narrative, timing, action, bias, and diversity. While it's not possible to prevent all threats, strengthening these control factors can help minimize the impact of emerging risks.
The speaker tells a story about a risky situation they were in when someone they were working with wanted to sell them cars without proper paperwork. They eventually hired a taxi driver to get away from the situation safely.
In this podcast, the host explores global societal risks and risk management with professionals who have a stake in the game, including poker players and sports bettors.
The Cautionary Tales Podcast shares stories of risks taken and failures experienced, offering valuable lessons for listeners to learn from. Having skin in the game is a good heuristic for everyone to assess their own experiences and outcomes.
