Partnering Leadership 92 How to Make Better Decisions by Understanding the Gray Rhino and The New Art and Science of Navigating an Uncertain World with Michele Wucker | Partnering Leadership Global Thought Leader
In this episode of Partnering Leadership, Michele Wucker, author of The Gray Rhino and You Are What You Risk, explains the origin of the concept of gray rhino and how to use it to improve decision making. Michelle Wucker also shares how to spot a gray rhino and strategies for dealing with grey rhinos by applying her 5-stage framework. Michele also goes into the logic behind risk-taking and the necessity of understanding and assessing risk better as individuals and organizations based on her new book, You Are What You Risk.
Some highlights:
-How the financial crises in Argentina and Greece inspired The Gray Rhino
- Two very different yet essential concepts in understanding and assessing risk: How a Gray Rhino differs from a Black Swan
- The 5-stage framework when dealing with a gray rhino
- Why The Gray Rhino was more successful in China than in the U.S. and how it inspired Michele Wucker’s book, You Are What You Risk.
- What a Risk Fingerprint is and how you can gain a better understanding of yourself and others through the risk fingerprint
- Annie Edson Taylor’s story and the impact of a risk profile on decision making
- The Gray Rhinos of today: Inequality, Financial Fragilities, and Climate Change
Mentioned in this episode:
-Nassim Nicholas Taleb, essayist, and author of The Black Swan
-Elisabeth Kübler-Ross, psychiatrist and author
-Geoff Trickey, managing director at Psychological Consultancy
-Annie Edson Taylor, the first person to survive a trip over Niagara Falls in a barrel
-Lisa MacCallum, founder of Inspired Companies
Book Recommendations:
The Gray Rhino by Michele Wucker
You Are What You Risk by Michele Wucker
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