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OVERVIEW

OVERVIEW

This book presents a three-phase process for making decisions in risky situations. It addresses the important questions raised during each phase, which are summarized below and elaborated in the following pages.

I. EXPLORATION

  1. For the situation under consideration, what are your objectives? What are you and others willing to consider placing at risk?

  2. What alternative paths lead to your hoped-for outcomes? What would be at risk in each alternative? By what criteria will you evaluate each alternative?

  3. Is your decision likely to be colored by your personal risk-taking tendencies? How?


II. PLANNING AND PREPARATION

  1. If change is appropriate, what change strategy best fits the situation: incremental (step by step) or transformational (a creative leap)?

  2. What decision-making process best serves stakeholders’ needs: unilateral, bargaining, decide-by-rule, or collaboration?

  3. How can you gain the most favorable reward/risk ratio?


III. IMPLEMENTATION, FOLLOW-UP, AND LEARNING

  1. In carrying out the plan, how can you overcome common risk-taking barriers?

  2. What outcomes should be monitored? Are midcourse corrections needed? What can be learned?


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