35 Level of proficiency Foundation Intermediate Advanced Expert Progression Relying on support from others Building independence Taking responsibility Driving transformation, innovation and growth Under direct supervision. With reduced support from others, some autonomy and together with my peers. On my own and together with my peers. Taking and sharing some responsibilities With some guidance and together with others. Taking responsibility for making decisions and working with others. Taking responsibility for contributing to complex developments in a specific field. Contributing substantially to the development of a specific field. Discover Explore Experiment Dare Improve Reinforce Expand Transform Competence Hint Descriptor Thread Level 1 Level 2 Level 3 Level 4 Level 5 Level 6 Level 7 Level 8 3: INTO ACTION 3.3 Coping with uncertainty, ambiguity and risk “Learning by doing” Identify and follow big policy and market trends vis-à-vis environmental and societal considerations before Making decisions when the result of that decision is uncertain, when the information available is partial or ambiguous, or when there is a risk of unintended outcomes and environmental and social impact. Within the valuecreating process, include structured and widely adopted ways of balancing shareholder and stakeholder value by testing a whole host of ideas, prototypes and operations’ impact from the early stages, to reduce risks of failing due to market or policy externalities. Handle fast moving situations promptly and flexibly but with urgency and determination. Cope with Uncertainty And Ambiguity I am not afraid of making mistakes while trying new things within the framework of legality and environmentally sound principles. I explore my own ways to achieve things framed in scientifically solid contextual assumptions. I can discuss the role that valid information plays inreducing uncertainty, ambiguity and risk/ impact. I can actively look for, compare and contrast different sources of information, based on there scientific validity that will help me reduce ambiguity, uncertainty and risks/ impact of making decisions. I can find ways like general societal, political, market trends when the information is incomplete. I can pull together different viewpoints and identify general societal trends when the degree of uncertainty is high. I can make decisions evaluating the different elements (scope and scale wise) in a situation that is uncertain and ambiguous. I can set up appropriate strategies and operations for collecting and monitoring data (policy decisions, market data, consumer data), which help me take decisions based on sound evidence. Calculate Risk and Impact I can identify examples of risks in my surroundings and in my news diet. I can describe risks/ impacts related to a simple value-creating activity in which I take part. I can tell the difference between acceptable and unacceptable risks/ impacts. I can weigh up the risks and benefits of self-employment with alternative career options, and make choices that reflect my preferences. I can apply the concept of affordable losses and socio environmental red lines when creating value. I can compare value-creating activities based on an enhanced risk/ impact assessment. I can assess the risks/ impact my venture is exposed to as conditions change and policies change assessments. I can evaluate high-risk/ high impact long-term investments using a structured approach. Manage risk and impact I can critically evaluate the risks and impact associated with an idea that creates value, taking into account a variety of factors. I can critically evaluate the risks and impacts related to the formal set-up of a valuecreating venture in the area in which I work. I can demonstrate that I can make decisions by weighing up both the risks, impacts and the expected benefits of a value-creating activity. I can outline a risk/ impact management plan for guiding my (or my team’s) choices while developing my value-creating activity. I can use strategies to reduce the risks and impacts that may arise during the value-creating process. I can come up with strategies to reduce the risk of my value-creating initiative becoming obsolete.
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