Episode 6: Conduct Risk Assessments: Leaders Take Risks and Leaders Mitigate Risks

Every great result requires great risk. As a leader, you mitigate those risks through planning and training. In this episode of Veteran Led, John Berry explains the goal of risk management in business operations, like military training, is not to abandon all risky behavior, rather, it is to mitigate risk to an acceptable level. We all must learn by doing. The leader's role is to keep the cost of learning and the associated risks low while still achieving the objective.

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0:00: Introduction
0:45: Importance of leaders mitigating risks
2:17: Learning about risk assessments
4:00: Warren Buffett's approach
5:53: Examples of business failures
7:02: Risks of inexperienced leaders
8:26: Lessons from military training
9:38: Importance of addressing team problems
11:45: Need for organizational insurance
13:37: Tactical pause for better decisions
14:47: Value of gaining experience
16:02: After action review