Earlier this year I read Administrative Behaviour by Herbert A. Simon which was first published in 1946. I highly recommend Simon’s book for risk professionals because it only mentions risk a few times, yet it describes so clearly the challenges of organisational success. When you consider the challenges Simon sets out, it helps clarify how
I have long described the aim of Enterprise Risk Management to be to develop an Adaptive and Resilient organisation (check out my RMP Healthcheck). In recent times the concept of Organisational Resilience has become popular, in particular for those in government and the owners and operators of critical infrastructure. Both concepts, in my opinion, have similar
I have been running a survey and with more than 100 completed I am getting an interesting picture of the challenges my readership is facing. Here are the results and my interpretation of what they mean. First of all, I should answer the question “What does the profile of respondents look like?” Put simply, my
I was recently asked by a young risk professional for recommendations on good books on risk. Here is my short list: Against the Gods – The Remarkable Story of Risk, by Peter Bernstein – A great story as well as very informative. The Black Swan, by Nassim Taleb – Some truly interesting concepts that risk
Ten years ago nine out of ten CFOs I was consulting to would tell me their CEO was too busy to meet to discuss the risk program under development. The CFO was tasked with the job and we should just get on with it. Today it is less likely to be a problem to meet