It is a question that’s difficult to answer, however, let me ask it anyway: “Why will otherwise perfectly rational people ignore risk?” I’m not talking about thrill-seekers who love the adrenalin rush of high-risk outdoor pursuits such as base jumping, where there is no reserve parachute as there is no time to deploy one if
It’s funny how everyone wants a great strategy but not everybody wants to deal with the risk of achieving the strategy. I think it is because the following statement is true: “Risk management is good management.” Hence most of us will think and sometimes say, “Doing my job is managing risk”. And most of us
Here is the essence of a conversation I had with a senior leader in a large publicly listed company:- Me: How’s business? Senior Leader(SL): Great! Me: That’s good! All your major projects are going well? SL: Yes, all good! Me: How’s your risk function going? SL: Not great. People just treat it as a tick-the-box
You know that old saying,“If something’s worth doing it’s worth doing well”? Why don’t we apply the same sage advice in business? While being world’s best would be fantastic, I am not talking about that. Just doing stuff well is all I am asking. My Blog last week gave you the stat that 74% of respondents
I have frequently talked about resilience as being one of the benefits of a great strategy and sound risk management. For example, here is a paper I wrote about selling resilience. When I mention resilience to a large organisation I start with this question: “What makes a small business resilient?” And the answer is “its