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Leaders Letter Newsletter

Leaders Letter 44

Risk Vs Benefit Framework

April 12th 2021

Dear leaders,

In my previous leaders letters, frameworks have been some of the most popular newsletters and most replied to newsletters. 

This week I wanted to introduce you to different pros vs con’s list I have used for a number of years that helped me to make better decisions, professionally and personally. 

Risk vs Benefit framework enables you to breakdown big decisions and questions in a repeatable framework.

RisksBenefit


  
   
  


You have two options.

Are you pen and pad or type and table? 

Pen and Pad: Write down on paper, half an a4 sheet, risks one side, benefit the other. 

Type and Table: Or in a table, excel, sheets, notion, apple apps and write down and explain in detail. 

Risk – Anything you face as a risk, anything that could be put at risk or a big red flag that needs to be called out. 

Benefit – Anything that will benefit you, the team, the company.

The more detail you include, the better in helping you to understand the first, second and third-order effects of your decision and the better decisions you ultimately make.

Simple yet effective. 

I tend to keep these risks vs benefit tables and revisit, optional but connected to micro-moments and making better long term decisions.  

This week, take a look at the risk vs benefit framework and consider how you will make better, more informed decisions. 

Have a great week and thanks for the recent replies to the newsletters.

Danny Denhard

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