Enterprise Risk Management Lecturer Steve Lindo recently co-authored Intelligent Analysis: How to Defeat Uncertainty in High-Stakes Decisions with Jay Grusin, Ph.D. The book offers practical suggestions for organizational leaders and analysts to assess risk and uncertainty, in order to support sound high-level decision making.
Lindo is a financial risk manager with over 30 years of experience managing risks in trading portfolios, banking, funding, and ALM. His current role is Principal of SRL Advisory Services, an independent consulting firm specializing in risk governance, education and strategy, risk data management, regulatory expertise, and information risk management. This fall, Lindo teaches Company Failures.
“Making good decisions involving high stakes and uncertainty requires a significantly different mindset from an organization's default decision-making process, which is typically dictated by culture, hierarchy, personalities, data, and haste,” write the authors. “The methods described in this book, honed over decades by the U.S. Intelligence Services, emphasize discipline, objectivity, diversity, reason, and transparency. Most importantly, they don't interfere with the way your organization makes its high-stakes decisions. Instead, they add a protective layer of analytics that either validates a good decision or exposes the flaws that could lead to catastrophic consequences.”
The book offers methodology for leaders to measure risks in potential decision-making along an uncertainty spectrum, and guidance for how to take action on these decisions.
Intelligent Analysis: How to Defeat Uncertainty in High-Stakes Decisions released on June 15th, 2021. Learn more and order the book here.