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Slide Show


Defining Your Risk Taking Inventory
Up / Identifying Risks / Managing Risks / Defining Your Risk Taking Inventory

    Here there are no right or wrong answers as a general rule.  Some people are more willing to take risks than others.  Some will take certain types of risks, where others won't, because of confidence in self, knowledge of the risks, experiencing in handling similar risks, and sensation (thrill) seeking.

    In the following examples are risks associated with them.  In each, pick the option that you would most likely do, where you would feel the most comfortable and why you would make that choice.

    1.    You arrive on a structure fire.  Smoke and fire are coming out of the second floor window.  Nobody is inside the structure.  Pick the activity you would most likely do.

    A.    Hit the plug, run the pumps, or other water supply activities.
    B.    Fight  the fire on an exterior line or water curtain.
    C.    Mask up and go in for the interior attack.
    D.    Help with ventilation or overhaul.

    2.    The company is going to vote on acquiring a new pumper and the form of funding for it.  You think the best option will be:

    A.    Vote yes, if you can get a grant, but the chances aren't good.
    B.    Vote yes and have the pumper financed.
    C.    Vote yes then go to the municipality for their action and have the taxpayers pay for it with a property tax increase.
     D.    Vote no then go to the municipality for their action and have the taxpayers pay for it with a property tax increase.

    3.    The department needs to decide on a new method of fund raising.  List the following in the order you think would be the best choices:

    A.    Sell 50-50 raffle tickets, based off of the daily number.
    B.    Sell tickets to a gun bash.
    C    Organize a benefit concert,
    D.    Organize a direct mail donations campaign
    E.    Sell sandwiches
    F.    Have a casino night

    Answer the following as "Agree" or "Disagree"

    4.    It is better to ask for forgiveness than permission.

    5.    If you wait for things to happen, they happen to you.  If you move forward and make things happen, they happen for you.

    6.    It is never time to panic.  It is either too soon to panic, or it is too damn late to panic . . . it is never time to panic.

    7.    Line officers are more willing to take risks than administrative officers.

    8.    You need to have at least three (3) committee meetings to make a financial or policy decision.

    9.    I usually prefer stimulation over security

    10.    I would vote to promote someone to be an administrative officer with unlimited potential but limited experience to a key position over someone with limited potential but more experience

    11.    I would vote to promote someone to be a line officer with unlimited potential but limited experience to a key position over someone with limited potential but more experience.

    12.    Opportunity usually knocks once.

    13.    Success is more a matter of luck than ability.

    14.    I can handle disappointments and big losses easily and I get over them quickly.

    15.    If I have a choice, I'd prefer safety over success.

    16.    To become successful, you've got to go through a lot of losses and failures first.

    17.    More experienced officers take less risks

    18.    Officers in larger departments take more risks than officers in smaller departments.

    19.    Nothing ventured - nothing gained.

    20.    Generally the higher the risk - the higher the reward.

    Again, with the above there are no right or wrong answers.  These are questions and examples for you to consider in determining what type of risk taker you are and what types of risks you are willing to take.

    Think of some other examples from your personal life and activities/role you have in the fire department and how willing to take risks you are and if there is a pattern or criteria of the areas where you are willing to take risks and how willing you are to take risks in each of these specific areas.

Last modified:  August 06, 2008

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