Risk Mitigation

Q1: Some assert it is imperative for leaders to be bold when makingstrategic decisions. How does a leader determine how much risk isacceptable when making a decision? Explain.

Q2: Risk taking mustbe tempered with judgement in decision making. However, Kelman, Sanders,and Pandit discussed how risk-averse behaviors slow and hinderorganizational progress and describe why so-called “paralysis byanalysis” may be a more significant concern than groupthink. At whatpoint should a leader cease gathering data, take the risk, and simplymake the decision? Support your position.

Kelman, S., Sanders, R.,

& Pandit, G. (2017). “Tell it like it is”: Decision making,

groupthink, and decisiveness among U.S. federal subcabinet executives. Governance, 30(2), 245-261.