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RISK TAKING - Coggle Diagram
RISK TAKING
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Risk vs Uncertainty
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Uncertainty
"indefinite, indeterminate" and "not known beyond a doubt."
Concept of Risk
Concept that denotes a potential negative impact on an asset or some characteristic of value that may arise from some present process or future event.
Wiser Decision Making
Define, as specifically as you can, the decision that needs to be made.
2 Write down as many alternatives as you can think of. Let your imagination run free.
3 See where more information about possible alternatives can be found.
4 Check out your alternatives. Find out more about the specifics of each option.
Sort through all the alternatives. Evaluate them to see which one/s work best for you.
Visualize the outcome of each alternative.
Do a reality check. Cross out those that are least likely to work.
Which alternative “fits” best? Review the remaining ones and decide which of them are most comfortable.
Get started! Get moving once you have made your decision.
Be sure to review your decision at specified points along the road. Remember that you can always change your mind