The Decision-Making Studio Podcast

Ep. 210: Garry Honey - On Leadership and Navigating Uncertainty

Feb 4, 2024

Garry Honey, a leader in strategy, governance, risk, and communication, discusses reputation, strategic risk, leadership in a crisis, mapping purpose, uncertainty, human factors, the problem with ESG, and more. A fascinating conversation for leaders in organizations.

01:06:20

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Episode guests

Garry Honey

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Quick takeaways

Leaders should strike a balance between risk aversion and risk appetite, understanding strategic risks and navigating uncertainty for organizational success.

Effective communication, risk awareness, and a strong sense of purpose are essential for organizations to manage reputation and navigate uncertainties.

Deep dives

The importance of risk and growth in organizations

Taking risks is essential for growth and success in organizations. Risk aversion hinders growth and can lead to stagnation. It is crucial for leaders to strike a balance between risk aversion and risk appetite, depending on the sector and organizational goals. The understanding of strategic risk and the ability to navigate uncertainty are key leadership qualities. Boards and leaders should focus on identifying and managing strategic risks such as reputation, political and ethical risks, and sustainability. Effective communication is essential in conveying risks to stakeholders and making informed decisions for the organization's future.

The Risk of Uncertainty in Corporate Communications

01:34

Embrace Uncertainty and Risk Forecasts

01:28

Introduction

2min

Introduction and Background in Risk Management

3min

Stumbling into the Cosmetics Industry and Discovering Marketing

2min

Reputation Risk Management

22min

Risk Blindness and Denial

27min

Navigating the Complexities of Social Media and Business School Programs

2min

Navigating Uncertainty and the Challenges of Talking About Risk

6min

Connecting with the Guest and Encouragement to Support

2min

My latest guest is Garry Honey. Garry trains boards, non-executive directors, and business leaders on strategy, governance, risk, and communication. He is the founder of the consultancy Chiron Risk and runs leadership courses for various business schools.

In this conversation, we cover reputation, strategic risk, leadership, and decision-making in a crisis, why so few organizations try to map out a purpose, and a vision for their futures, uncertainty in the limits of knowledge, human factors, the problem with ESG, and so much more.

If you are a leader in an organization, or if you're interested in some of the challenges with leadership in large organizations, you will want to listen to this. It's fascinating stuff.

Show notes:

Radical Uncertainty by Mervyn King and John Kay

The Carillion bankruptcy in the UK

Wicked problems

Wilful Blindness by Margaret Heffernan

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