Calculated risk-taking

In this episode, we delve deep into the future of work. Catherine de la Poer, your host is joined by Caspar Berry, a former professional poker player turned keynote speaker on risk-taking and decision-making. In today's discussion, Caspar shares his fascinating journey from the world of film and television to becoming a professional poker player. The key topic on our agenda is calculated risk-taking—a critical skill for navigating the uncertainties faced by business leaders in our rapidly evolving world. Caspar sheds light on the essence of risk, emphasising the importance of decision-making in resource allocation under uncertainty. He challenges traditional notions of rational and irrational decisions, focusing on what he terms "useful and unproductive decision-making." The conversation delves into the psychology of risk, emphasising the diverse ways individuals approach and tolerate risk. We explore the impact of organisational culture on decision-making, with Caspar advocating for an environment that removes consequences and encourages a long-term perspective. He draws parallels between decision-making and the game show "Deal or No Deal," urging leaders to constantly seek high-value opportunities and maximise returns. Join us as we unravel the intricacies of decision-making, risk-taking, and the role of culture in shaping successful leaders and organisations.