Business Leadership Risk Management | How Women Leaders Can Navigate Workplace Risks | Sabrina Braham MA MFT PCC & Michele Wucker

Women's Leadership Success

Every growth journey involves facing and overcoming risks. Hence, business leadership risk management isn’t a regular career conversation. It is a crucial business development skill, especially for women leaders, since they face more significant consequences for taking risks. If you believe women leaders are risk-averse, this episode is for you. Or if you think they do not make risky decisions because they can't, this episode is definitely for you. Tune into this installment of the Women's Leadership Success podcast to find out: What are the kinds of risks women leaders should learn to take? What is meant by a risk fingerprint? Are workplace-related things more difficult or risky for women than men? What will make women leaders more comfortable taking risks? What is a positive risk? How can we improve our risk tolerance? How can our environment help us deal with risk? What is the risk umbrella? In this episode of Women's Leadership Success, Sabrina Braham interviews Michele Wucker about women leaders navigating risks and why they face more significant consequences for facing risks than men. She explains how to rehearse and prepare to reduce anxiety associated with risky events. She also explains positive risks and how to use choices and exit strategies to navigate risks better. Michele Wucker’s Interview on Business Leadership Risk Management Michele Wucker is a strategic advisor, author, and global economic policy analyst who coined the term "gray rhino" as a challenge to take a fresh look at prominent, impactful, probable events and to help decision-makers respond more effectively. Her latest book is YOU ARE WHAT YOU RISK: The New Art and Science of Navigating an Uncertain World, in which she offers an excellent framework for understanding and re-shaping our relationship with risk and uncertainty to live more productive and successful lives. Business Leadership Risk Management for Women Entrepreneurs: Show Notes Meet Michele and learn what The Gray Rhino is about [00:32-01:30] How to assess risks and learn to modulate our response to them? [01:31-05:11] Michele’s risk fingerprint and how it teaches you to see the things that affect the risk choices you make [05:12-09:20] Is there a thing such as an ideal risk personality? [09:21-10:55 How does it help to be more objective about risks instead of being scared about them? [10:56-13:23] How do you improve your odds at something and make good decisions? [13:24-16:24] Rehearsing or practicing the consequences of a risky situation to make them less anxiety-provoking [16:25-19:00] Why risk is a muscle you have to get comfortable building [19:01-22:33] The importance of having choices and exit strategies [22:34-25:33] Success changes the way you think about yourself [25:34-26:14] Specific things that women find more challenging to navigate in their workplaces [26:15-31:31] Rethinking how women take risks [31:32-34:29] Tips to help women get promoted [34:30-35:00] Women’s Leadership Success #122 Summary: Developing The Risk Mindset Episode notes to leave with: The concept of the "great rhino" warns that people often overlook obvious challenges and that this can leave them vulnerable. Personal risk attitudes and psychology are closely related to the decisions that lead to success or failure in business. Understanding oneself is crucial for making the best risk decisions. Risk is not fixed and varies depending on an individual's personality and experiences. Understanding oneself and one's risk fingerprint is crucial for making the best decisions. Having a diverse group of people with different risk preferences can be beneficial for making well-informed decisions. Self-awareness is the key to making better decisions.