How does risk affect decision-making?

Every time we make a decision, we negotiate the balance between risk and opportunity. But often, we’re navigating this maze on a subconscious level.

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So it’s important to understand the psychological factors that might pull an employee in one direction or another when they’re making a decision.

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Who is it for?

This powerful tool has a vast range of applications at individual, team and corporate level. You can use it in selection and development and team building, or as a way to understand risk culture and risk management.

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Regardless of your industry sector, Risk Type Compass will allow you to discuss decision making, risk tolerance and who to place in risk-related roles. In trading or financial services, it can help you to identify blind spots and avoid compliance issues. In the investment domain, it can help match a portfolio's risk level with the personality of the client. In countless other situations it allows you to harness the psychology of risk to realise your organisation’s potential.

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With Risk Type Compass, you can become certified in identifying an individual’s risk type and risk appetite. It’s a scientifically reliable and valid way to assess how individuals perceive and manage risk, and how they make decisions.

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The certification

• You can complete the online certification in your own time, at your own pace.
• Case studies and interactive exercises will help you hone your understanding of how people perceive, react to, and manage risk.
• You’ll discover the wide range of applications for Risk Type Compass and its potential in business.
• Once you’ve completed the modules, you’ll understand the origins, development, rationale and strategic relevance of the tool.\
• You’ll then have a call with one of the experienced psychologists at KinchLyons. We’ll gladly answer any questions you have, discuss best practice with you, and share some tips.

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In-house certification

We can also provide in-house certifications, whether it’s in person or online.

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The workshop will take place over the course of a day, and will be led by an experienced trainer. They will guide you through the certification process detailed above and you can ask questions in real-time.