Yes, building risk culture is that easy! Before I explain, let me first clear few weird misconceptions about risk culture that have been floating around in the non-financial companies: Making decisions under uncertainty is not natural for humans Back in 1970s scientists had a breakthrough in understanding how human brain works, what influences our decisions,… Continue reading Building risk culture is easier than making hot dogs
Tag: risk culture and leadership
Can risk management even be effective?
Lately, everyone, from the government agencies to regulators to corporate board members, seem to be talking about the need for better, more effective risk management. The challenging part is that, despite the guidance provided in ISO 31000:2009, the concept of risk management effectiveness still remains vague. This article attempts to summarize the basic components of… Continue reading Can risk management even be effective?
