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Stuart Tootal & Greg Davies on the lessons for business from military decision-making

Stuart Tootal & Greg Davies on the lessons for business from military decision-making

FromThe Human Risk Podcast


Stuart Tootal & Greg Davies on the lessons for business from military decision-making

FromThe Human Risk Podcast

ratings:
Length:
56 minutes
Released:
Nov 14, 2020
Format:
Podcast episode

Description

What can the military teach business? Much as companies often talk about 'wars' (most obviously when it comes to talent) and 'battles' (usually for market share), it's not obvious that the two have much in common. Yet, from personal experience, there are lots of former military personnel using the same skills they've developed in their early career, in their second career in business. As this Economist article highlights: https://www.economist.com/business/2020/10/24/what-the-armed-forces-can-teach-businessIn my ongoing quest to find interesting ideas in other contexts, I thought it would be a good idea to find out. So on this episode, I'm joined by two guests. One with a military background and one with a financial services background. Together, they provide some fascinating insights.My first guest, Stuart Tootal spent 20 years in the British Army, where he commanded a Parachute Regiment battalion, which formed the first UK battle group that was sent to southern Afghanistan in 2006.My second, Greg Davies, is a globally recognised expert in applied decision science, behavioural finance, and financial wellbeing, as well as a specialist in both the theory and practice of risk profiling. Together, they help me explore how military decision-making and processes can help reduce Human Risk. What they have in common, is something you'll have to listen to the show to find out. For more on Stuart visit - https://www.matero.co.uk/about/For more on Greg visit - https://oxfordrisk.com/about-us/greg-b-davies/During the show, I refer to other episodes of this podcast. You'll find them here:Rory Sutherland - https://www.podpage.com/the-human-risk-podcast/rory-sutherland-on-compliance/Matt Edwards - https://www.podpage.com/the-human-risk-podcast/matt-edwards-on-creative-risk-marketing/Jill McDevitt - https://www.podpage.com/the-human-risk-podcast/dr-jill-mcdevitt-on-sexology-condoms-masks/
Released:
Nov 14, 2020
Format:
Podcast episode

Titles in the series (100)

People are often described as the largest asset in most organisations. They are also the biggest single cause of risk. This podcast explores the topic of 'human risk', or "the risk of people doing things they shouldn't or not doing things they should", and examines how behavioural science can help us mitigate it. It also looks at 'human reward', or "how to get the most out of people". When we manage human risk, we often stifle human reward. Equally, when we unleash human reward, we often inadvertently increase human risk.