Member Reviews
In a world of great uncertainty, leaders have to be able to navigate themselves and their teams through risks efficiently to be able to take advantage of adopting or creating game-changing technologies, avoiding catastrophes. In this book, Griffiths covers a new way of viewing risk, how to more effectively collaborate with stakeholders, and be more resilient. They provide proven, practical tips and strategies for managing risk and driving success.
The layout for the book is well done and provides an easy format to follow. The information provided is helpful and provides a unique perspective on risk management. Tips are easy to implement and are eye-opening for all leaders. Readers interested in project management, leadership, risk, and change management will want to pick this one up. Recommended for most library collections.
Please Note: A copy of this book was given in exchange for an honest review. All opinions expressed are my own. No other compensation was received.
"The Leader's Guide to Managing Risk" by K. Scott Griffith is a game-changer for anyone navigating the turbulent waters of leadership. Griffith's approach is refreshingly practical, blending insightful strategies with real-world anecdotes that make the complexities of risk management easily digestible.
What sets this book apart is Griffith's knack for demystifying risk. He doesn't just throw around jargon; he breaks down the concepts into actionable steps, empowering leaders to make informed decisions. The author's conversational style makes the material accessible, even for those new to the topic.
Griffith doesn't just focus on theory; he provides a roadmap for implementing risk management effectively. From identifying potential pitfalls to crafting mitigation plans, every chapter is a treasure trove of practical wisdom. The book is a valuable resource for leaders at all levels, offering a blueprint for fostering a risk-aware culture within any organization.
In a world where uncertainty is the only constant, "The Leader's Guide to Managing Risk" is a must-read. Griffith's expertise shines through, making this book an indispensable guide for leaders navigating the unpredictable terrain of today's business landscape.
Griffith can tell us a lot about success and how to develop high-reliability, high-performance teams and systems. He’s had an enormous amount of success and is very familiar with systems thinking and how we all can create more robust mechanisms/systems/experiences for the probable risks. The author coaches us to think differently and coherently puts a way of thinking that can help us all.
It is, however, a pedestrian, common-man way of thinking through reliability, robustness and risk. I’m sure the author is familiar with a lot of techniques: accelerated failure testing, and the like, as well as Failure Mode Effect Analysis (FMEA), which requires us to step through the mechanical, cyber-system, digital and human elements. We have to think through potential failures at each step, each element. We have to rate its probability of occurrence, its severity and the likelihood of detection. High scores in those three aspects necessitate mitigating efforts to reduce probability, reduce severity or improve detection.
The author sufficiently covers redundancy to reduce probability (because we’re putting elements in parallel paths and “both” would have to fail). Not all systems can accommodate such mitigating factors. And humans are notoriously inept in multiple-stage “inspection” points—such as auditing, observing safety system changes, etc.: inspector A assumes inspectors B & C will catch the problems, while inspector B assumes A has already caught them or C will catch them….(you can probably guess inspector C’s reasoning as less-than-full attentiveness).
The audience for this book are the people who don’t want to pick up a small-ish article or book on FMEA.