Entrepreneurial action always means seizing opportunities before others seize the chance and close the gap in the offering.
However, it also means weighing up what is necessary to preserve the opportunity and which risks are consciously taken.
The decision remains with the top management of the company.
However, the company will have a group of experts with different specializations and characters whose input – if desired – should be incorporated into the weighing up of opportunities and risks,
before decisions are made by the top management.
It is to be expected that the new version of the QM standard ISO 9001 will require an opportunity-based approach in addition to the risk-based approach.
For the organization, this means that a process of weighing up opportunities and risks in a foreseeable manner must be demonstrated .
If a decision is made, this is usually followed by a change process.
My recommendation is to see the weighing up of opportunities and risks as part of the change process.
The management’s decision will never be without risk. But the risk can be viewed by three simple rules:
1) Don’t turn the risk consideration of a new opportunity into a killer for any change.
2) Preserve the opportunities by evaluating the risk on the basis of available facts and analyses wherever possible.
It is not a question of countering hopes and wishes with opinions and prejudices, but with reliable facts.
3) Anticipate possible risky scenarios. Jointly thinking about plausible scenarios is the first step. Such preparation makes a decision easier and shortens necessary reaction times.
My offer : Moderation of decision finding prior to the change process.
The moderation will support to collect all view points and to sort them with the team. It will enable the decision-makers to decide based on a joint picture of the chances and risks – as real and as up-to-date as possible.