Taking risks is essential for surviving as well as enriching life. I hope this webinar content helps you find some inspiration to act on items you were delaying to act, because you were afraid to take a risk.
2. Questions
• What is risk?
• How can taking risk help me?
• What is risk appetite?
• What is risk tolerance?
• Exercises and Discussion
3. Risk
1: possibility of loss or injury
2: someone or something that creates or suggests a
hazard.
Merriam- Webster Dictionary
4. Risk-taking
The act or fact of doing something that involves danger
or risk in order to achieve a goal
Synonyms: bravado, valor, adventurousness, audacity,
courage, brave deed, daring action, great courage,
heroic deed, overboldness, venturousness
Merriam-Webster Dictionary, Thesauraus
6. Risk appetite
• Risk appetite is the level of risk that an individual or
organization is prepared to accept in pursuit of their or its
objectives, before action is deemed necessary to reduce the
risk.
• It represents a balance between the potential benefits of
innovation and the threats, that change inevitably brings.
Wikipedia
7. Risk-taking appetite spectrum
Thinking about Risk - Managing your risk appetite: A practitioner's guide November 2006 HM Treasury, page 12.
•Averse: Avoidance of risk and uncertainty is a key organization objective.
•Minimal: Preference for ultra-safe options that are low risk and only have a potential for
limited reward.
•Cautious: Preference for safe options that have a low degree of risk and may only have
limited potential for reward.
•Open: Willing to consider all potential options and choose the one most likely to result in
successful delivery, while also providing an acceptable level of reward and value for money.
•Hungry: Eager to be innovative and to choose options offering potentially higher business
rewards, despite greater inherent risk.
8. Risk tolerance
• Risk tolerance is a person’s ability to psychologically endure
the potential of losing money on an investment.
• A person's risk tolerance can change throughout their life and
determines what type of choices they are likely to make.
• Example : An investor's ability to psychologically endure the
potential of losing money on an investment and their
investment choices over life span.
https://www.bankrate.com/glossary/r/risk-tolerance/
9. Examples in nature
• Animals
• Birds
• Pregnancy
• Farmer crops
• Inspite of consequences you will do it as it is necessary
10. Applying risk-taking to life
• Opportunities for life itself
• Opportunities for enrichment of life
• Opportunities for growth
• Opportunities to find meaning
• Opportunities to sharpen and follow your intuition
11. Participant feedback in webinar
• Taking risks is a sign of life itself and it helps life grow, enrich
and unfold. – Nowzar Borzooyan
• Having strong inner faith in something higher than you helps
you increase your risk tolerance.
• Solution to increase risk taking capacity is to look at big
picture and seek help from higher power
12. Exercises
• Think of a time when:
• You took a risk
• You did not take a risk
• You wish you took a risk
• You took a calculated risk and it failed
• When you were going to take a risk, but you didn’t.
• What did you learn?
