IRIZ professionally manages positive risk taking on self-developed ecosystems or on behalf of customers. Positive risk-taking describes something specific that IRIZ do as part of challenging status quo. It is something that everyone engages in to different levels and frequencies in their daily lives, so it should also be appropriate for all companies to in their governance considered and within reasoned risk decision-making. It does what it says on the tin: it is taking risks for positive outcomes. The activity is taking risks, and the ‘positive’ attachment is about the clearly defined outcomes that CHANGE AGENTS wish to achieve by taking the aforementioned risks.
Positive risk-taking is: weighing up the potential benefits and harms of exercising one choice of action over another. Identifying the potential risks involved (i.e. good risk assessment), and developing plans and actions (i.e. good risk management) that reflect the positive potentials and stated priorities and opportunities (i.e. a strengths approach). It involves using ‘available’ resources and support to achieve the desired outcomes, and to minimize the potential harmful outcomes.
Characteristics of Positive Risk-Taking
Figuring out what is a positive risk (which can take a number of forms) can be hard because our brains are so conditioned to think of risks as bad. A simple way to identify positive risk is the same way you would identify negative risk: by working with your team to come up with a list of opportunities that could impact the project, product or your company to meet disruption.
These are your risk response strategies, and they are a bit different to the types of response you would use to deal with negative risk.
IRIZ customers normally do utilize number 2 – they call us for a first work shop.