{"id":2687,"date":"2024-01-10T20:23:05","date_gmt":"2024-01-10T20:23:05","guid":{"rendered":"https:\/\/keypractices.viagointernational.com\/?page_id=2687"},"modified":"2024-01-11T02:02:56","modified_gmt":"2024-01-11T02:02:56","slug":"risk-management-preventing-reversion-the-reversion-risk-continued","status":"publish","type":"page","link":"https:\/\/keypractices.viagointernational.com\/?page_id=2687","title":{"rendered":"Risk Management &#8211; Preventing Reversion: The Reversion Risk Continued"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"2687\" class=\"elementor elementor-2687\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ae1ff10 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ae1ff10\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4523fd8\" data-id=\"4523fd8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3a9e5be elementor-widget elementor-widget-heading\" data-id=\"3a9e5be\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.17.0 - 08-11-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h3 class=\"elementor-heading-title elementor-size-default\">Risk Management - Preventing Reversion: The Reversion Risk Continued<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3ba0cfd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3ba0cfd\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8affc9e\" data-id=\"8affc9e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fd8c6d2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fd8c6d2\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-85bd42b\" data-id=\"85bd42b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-84318a9 elementor-widget elementor-widget-html\" data-id=\"84318a9\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"\">High Awareness of Negative Effects<\/h4>\n<p>While there is a low awareness of the results, or gains, of the change, there is often a high awareness of any negative effects. This is because a business will typically have a high commitment to prevent negative effects and people, by their nature, are generally more loss-adverse than gain-seeking.<\/p>\n<p>The common negative effects of change projects include:<\/p>\n<div class=\"alert-danger\">\n<ul>\n<li>The staff do not like some change in what they have to do.<\/li>\n<li>Staff think the solution over-manages them.<\/li>\n<li>The effort of monitoring the data are not be kept up-to-date when the business is busy and then people assess that the effort to put it back in again is not worth the time.<\/li>\n<li>There is often a perceived &lsquo;admin&rsquo; burden of keeping the system updated.<\/li>\n<\/ul>\n<\/div>\n<p>Although these negative effects are transitionary, they will need to be addressed to prevent the solution from being undone.<\/p>\n<div>\n    <p>The solution to this dilemma is to detect the benefits of the change project quickly, and to use the <strong>&lsquo;reversal of fortune dynamic&rsquo;<\/strong> to install a fear of going backwards.<\/p>\n    <h3 class=\"\">The Solution: Use WOW Measures<\/h3>\n<p>We want people to be aware that there is going to be step (sudden) change that they need to capture evidence of, so that when negative effects occur they don&rsquo;t panic and undo the solution (and benefits gained).<\/p>\n<p>It is important that the measure is a <strong>Wow Measure. <\/strong>That is a measure that is a really strong lead measures that tells people the implemented change had a significant effect on reality.<\/p>\n<ul>\n<li>A lead measure is something where there is no question about the causality, e.g. &ldquo;You see the rain clouds before it rains.&rdquo;<\/li>\n<li>A lag measure will leave room for argument; a lag measure is something where the effect &lsquo;lags&rsquo; or does not occur straight away.<\/li>\n<\/ul>\n<p>Strong lead measures are very twitchy, and these can be used to reinforce the positive change effect.<\/p>\n<ul>\n<li>A twitchy lead measure allows people to see that &lsquo;the thing they are doing differently&rsquo; is causing the positive effects they&rsquo;re experiencing, as soon as possible, e.g. hourly, daily or weekly type measures.<\/li>\n<\/ul>\n<p>When employees or stakeholders start to say, &ldquo;Stop, hang on, hang on, I don&rsquo;t understand this, we should go back to the old way,&rdquo; this Wow Measure evidence can be used to create the threat of reversal of fortune. &ldquo;Sure we could, but you will lose these gains! Do you want that?&rdquo;<\/p>\n<div><img decoding=\"async\" src=\"\/resources\/public\/ViAGO\/Content_Library\/Shrugs.png\" width=\"500\" height=\"auto\" alt=\"\" class=\"block-center\" \/><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-faf3b4d elementor-widget elementor-widget-button\" data-id=\"faf3b4d\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/keypractices.viagointernational.com\/?page_id=2717\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Next Lesson: Risk Management - Preventing Reversion: WOW Measures<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4ec5a4d elementor-widget elementor-widget-image\" data-id=\"4ec5a4d\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.17.0 - 08-11-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/keypractices.viagointernational.com\/wp-content\/uploads\/2023\/11\/Shrug-300x300.png\" class=\"attachment-medium size-medium wp-image-1515\" alt=\"\" srcset=\"https:\/\/keypractices.viagointernational.com\/wp-content\/uploads\/2023\/11\/Shrug-300x300.png 300w, https:\/\/keypractices.viagointernational.com\/wp-content\/uploads\/2023\/11\/Shrug-1024x1024.png 1024w, https:\/\/keypractices.viagointernational.com\/wp-content\/uploads\/2023\/11\/Shrug-150x150.png 150w, https:\/\/keypractices.viagointernational.com\/wp-content\/uploads\/2023\/11\/Shrug-768x768.png 768w, https:\/\/keypractices.viagointernational.com\/wp-content\/uploads\/2023\/11\/Shrug-1536x1536.png 1536w, https:\/\/keypractices.viagointernational.com\/wp-content\/uploads\/2023\/11\/Shrug.png 2000w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4bf62f8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4bf62f8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e1a02e7\" data-id=\"e1a02e7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Risk Management &#8211; Preventing Reversion: The Reversion Risk Continued High Awareness of Negative Effects While there is a low awareness of the results, or gains, of the change, there is often a high awareness of any negative effects. This is because a business will typically have a high commitment to prevent negative effects and people, &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/keypractices.viagointernational.com\/?page_id=2687\"> <span class=\"screen-reader-text\">Risk Management &#8211; Preventing Reversion: The Reversion Risk Continued<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","footnotes":""},"class_list":["post-2687","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/keypractices.viagointernational.com\/index.php?rest_route=\/wp\/v2\/pages\/2687"}],"collection":[{"href":"https:\/\/keypractices.viagointernational.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/keypractices.viagointernational.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/keypractices.viagointernational.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/keypractices.viagointernational.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2687"}],"version-history":[{"count":25,"href":"https:\/\/keypractices.viagointernational.com\/index.php?rest_route=\/wp\/v2\/pages\/2687\/revisions"}],"predecessor-version":[{"id":2816,"href":"https:\/\/keypractices.viagointernational.com\/index.php?rest_route=\/wp\/v2\/pages\/2687\/revisions\/2816"}],"wp:attachment":[{"href":"https:\/\/keypractices.viagointernational.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}