The Risk-Type CompassTM
Organisations need to understand how people instinctively respond to risk and the extent to which, in any situation, an individual can be the most significant risk factor. In the past, the focus of risk management has been almost exclusively on the nature of the risk itself; procedures, regulation and legislation. Organisations strategies about operational risk, compliance and governance, yet there is little appetite for discussions about the individuals involved and their contribution to the risk equation.
The Risk-Type Compass™ is a personality based risk tolerance assessment, based on well-established psychological research into personality, attitudes and risk tolerance. It places individuals into one of eight easy to understand personality types, ranging in levels of risk tolerance and each associated with different personality characteristics that have a fundamental influence on the way an individual is likely to perceive and handle risk.
Uses of the Risk-Type CompassTM
The Risk-Type Compass™ can be utilised throughout an organisation, from an individual to the team level and, at the wider organisational level, concerning surveys of organisational risk landscape and organisational culture.
Individual level
Team level
Organisation level