When Ben Cattaneo started the All Things Risk podcast, he very deliberately stayed away from discussing the risk management profession (which is also my day-to-day profession). This is because he wanted the show to make risk and uncertainty concepts available to everyone. He didn’t want to make a podcast by risk professionals, for risk professionals.… Continue reading allthingsrisk ep. 53: Alex Sidorenko – Making Great Decisions “With Risks in Mind”
Tag: decision making
Why do accountants and other professionals need better risk management competencies?
My original article posted at http://theaccountant.org.mt/why-do-accountants-and-other-professionals-need-better-risk-management-competencies Risk management competencies can significantly improve decision making in any profession. The bad news is that these competencies do not come to us naturally. They have to be developed. Even if you do not operate in a high risk, uncertain environment one should consider the extensive research, into what is… Continue reading Why do accountants and other professionals need better risk management competencies?
The whole concept of risk-appetite is total nonsense
The concept of risk-appetite has been around for years, yet so many risk practitioners still find themselves confused and unsure how to quantify, formalize and document it. Well, the short answer is YOU DON’T NEED TO. There is a better way. First, disclaimers. The following article only applies to non-financial companies, just like everything else… Continue reading The whole concept of risk-appetite is total nonsense
Risk management used to be a science, then it became an art, now it’s just bullsh@t
Latest views from Alex Sidorenko on how “innovation”, lack of business acumen and consultants are killing modern risk management in non-financial organizations. First there was science… Some sources suggest probability theory started in gambling and maritime insurance. In both cases the science was primarily used to help people and companies make better decision and hence… Continue reading Risk management used to be a science, then it became an art, now it’s just bullsh@t
