Skip to content
Menu
Box Thoughts
  • Home
  • About Me
  • LinkedIn
Box Thoughts
December 7, 2016

The quality of a decision is directly related to the degree risk is accounted for in it.

Risk mitigation and decision making are two topics that go hand-in-hand. You can’t make good decisions without understanding the risks that come with the various choices.

Risk is not always a negative consequence. A lot of time risk goes by another name: opportunity cost. Risk can often be best described as the downside difference of potential outcomes. The greater the best to worst potential outcomes (even if all outcomes are good), the greater the risk.

Sometimes we get thrown off by the word Risk. It has a negative connotation to it. Maybe it comes from all the awful hours spent playing the painful board game of the same name. Maybe it is simply that the association of risk in our minds is tied to the idea of losing money. Regardless, risk is something that exists in all decisions.

There is risk to every post I write. If I publish as-is am I leaving readers out that wanted something shorter? If I don’t spend more time editing do I hurt my credibility through the use of bad grammar? Is this really a topic that is worth posting here? These are all risks – every, ordinary, daily risks.

Thinking through the downside is how good decisions are made – even when the downside is still a good outcome. Maximizing upside is always worthwhile.

Share this:

  • Click to share on LinkedIn (Opens in new window) LinkedIn
  • Click to share on X (Opens in new window) X
  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • More
  • Click to share on Reddit (Opens in new window) Reddit
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to email a link to a friend (Opens in new window) Email

Related

Leave a ReplyCancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Posts

  • Commercial real estate and Proptech are the antithesis of winner-takes-all industries
  • A tool for making shift management and occupancy easier
  • Seasonality matters in your CRE data
  • CBRE’s 2025 Americas Occupier Sentiment Survey report is a full encapsulation of the current corporate real estate conversation.
  • So what?

analysis bias change change program collaboration Communication CRE culture data decision making demand design experience failure fear finance flex flexibility future growth hybrid idea innovation leadership managing mandate metrics modeling office personal planning portfolio productivity program management quality relationships risk strategy success team technology trust WFH work Workplace

©2025 Box Thoughts | Powered by WordPress and Superb Themes!