Risk Management
A Quick Read on Prospect Theory and Loss Aversion
For a consumer, economic decisions are based on certain types of behavior. Prospect Theory or the loss-aversion theory in behavioral economics and behavioral finance, aims to determine people’s decision making and their tendency for loss aversion.
Managerial Guide to After Action Review (AAR)
Business mistakes are costly – most leaders know that. But few take proactive steps to investigate the root cause and establish corrective measures while the project is still on track. Indeed, most investigations are often done post mortem – when the deed is done, and nothing can be changed per se. But that’s not the […]
How to Carry Out a Feasibility Study and Get Better at Business Decision Making
It’s a well-known fact that projects fail more often than they succeed. This happens for a multitude of reasons, but the lack of proper planning tends to be the most common one. The best tool for determining whether your project will be a win or a loss is a feasibility study. In this post, we’ll […]
How To Conduct A Force Field Analysis?
Force Field Analysis is a handy technique for decision making, which can help in determining the factors which may hinder achieving a goal and can also be used in decision making. Below is an overview of this decision making technique in detail.
Risk Management Plan Templates For PowerPoint
Risk management can be described as the identification, analysis and prioritization of risks. Risk management is an essential characteristic for most organizations, especially for businesses which need to be on the constant lookout for threats to their profits, market share and even daily operations. Let’s take a look at some professional PowerPoint Templates made for […]