The book Risky Business draws on decades of research in the fields of psychology, neuroscience and behavioural economics to explain why so-called rational brains are frequently fooled by over 100 powerful unconscious biases. These unconscious biases represent the hidden risks in our decisions.
The book Risky Business therefore provides a straightforward framework – through the Hidden R-I-S-K™ framework – that everyone can use. In the Hidden R-I-S-K™ framework these biases are embodied into eight memorable characters that help us to avoid these pitfalls and make better decisions.
The Hidden R-I-S-K™ framework provides executives and other decision makers with a practical tool that surfaces and mitigates against the work of unconscious biases in our decisions.
Taking Action to Mitigate Unconscious Biases in Decisions
Fact: the characters in our Hidden R-I-S-K™ framework will surface when we are faced with a problem or decision. The challenges are twofold. First, are we aware of their presence? Second, do we have the tools to mitigate their work? Failure to tackle unconscious bias will lead to sub-optimal decisions and will heighten operational risk. A McKinsey report (McKinsey Quarterly 2010) stated the following: “raising a company’s game from the bottom to the top quartile on the decision-making process improved its ROI by 6.9 percentage points”. An understanding of the work of unconscious biases was considered a key enabler in making this performance improvement.
We often find that either leaders aren’t familiar with the research into unconscious biases or they are unable to operationalise their knowledge. The Hidden R-I-S-K™ framework provides a straightforward and memorable way to address both leadership challenges.
How we can help
Join our interactive and experiential workshops to build awareness of the hidden risks to our decisions and mitigate the work of these unconscious biases
Conference Keynote Speaker
Bring an interesting, thought-provoking, practical, lively and interactive keynote address to your conference.
Team and Development Workshops
Immerse teams in an experiential and interactive workshop that will enable them to understand the work of unconscious biases and identify practical actions to mitigate their effects in their work and decision making processes.
Conduct a People Due Diligence
Ensure that key decisions are put through a people due diligence, using the Hidden R-I-S-K™ framework to understand the human dimension of operational risk.
Improve impact of Inclusion and Diversity
You have done the online unconscious bias training and may even have offered workshops, but it’s still not embedded in the culture. The Hidden R-I-S-K™ framework is your next step to really embed a positive operational risk culture that works constructively to mitigate the work of unconscious biases and creates an environment where people feel safe to speak out.