Arcadia Alive were delighted to receive an invitation to present at the RSSB Risk Management Forum 2014, which took place on Wednesday 11th June.
Our MD, Richard Madders spoke about operational decision making, looking specifically at the reasons why managers can fall into the trap of making bad decisions. He explored the common errors in human thinking, how we perceive risk and how we personally manage and mitigate against risk.
View the slides here:
He summarised that far from being made in a managerial vacuum, the best decisions are made when learning from and drawing on the experience of others. He went on to explain how, in this process, success depends upon: the quality of the manager’s social exploration and the care taken by the manager to ensure that their information and sources of ideas are diverse and independent.
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