Opportunity Loss: Unnoticed and Uncounted Sources of Value
What size of missed opportunity would be considered as bad as losing $10 million in your company?
Would it be missing a $50 million opportunity? $100 million? In some organizations, the opportunity loss has to be more than 10:1 to have the same negative consequences as real losses in business. Missed opportunities frequently go completely unnoticed and uncounted -- yet they represent a loss in potential value that is a real as the out-of-pocket loss on a failed venture.
In this webinar, our speakers examine "errors of omission." The road you could have taken, but didn't. The investment you could have made, but dismissed without consideration. Contrast these with "errors of commission," the choices we made that turned out wrong, and resulted in real, out-of-pocket loss (often with consequences for advancement). Purely rational thinking -- what you would associate with the fictional "Star Trek" character Mr. Spock -- should lead us to consider a real loss and an opportunity loss as equal. In practice, they rarely are.
Join us for a lively and interactive webinar, with insights into the behaviors and incentives that drive errors of omission and ideas for how to bring the ratio more into line.
Speakers
Carl Spetzler is the Program Director of the Stanford Strategic Decision and Risk Management certificate program and the CEO of Strategic Decisions Group. He is joined by Hannah Winter, Associate Program Director of SDRM and a partner at SDG.
Sponsor
This free, one-hour webinar is hosted by the Stanford Center for Professional Development in association with the Strategic Decision and Risk Management - Stanford Certificate Program
