Taking The Emotion Out Of Risk
Risk management is a critical component that empowers business leaders to mitigate the likelihood of risks escalating into a full-blown crisis.
If we, as business leaders, are serious about meeting objectives successfully, improving service delivery and offering value for money, risk management must be an integral part of planning and decision making.
Moreover, cultivating a well-managed risk culture will ensure that risks are part of the everyday language and checklists, thus lessening the chances of ill-judged and emotional reactions, that may or may not have a negative impact upon your organisation.
Anyone who has experienced working in the oil industry, aviation, the railways to name but a few, will relate to an in-built risk culture that covers a whole series of eventualities.
It is people who will drive the directions, that hopefully lead to successful outcomes and therefore communication in all areas of the workforce, including listening and feedback, is crucial to embed that culture of risk into the day job.
Attempting to define a one-size-fits-all approach to risk management, or indeed to standardise risk management practices is a misguided concept and as business growth specialists, we have risk management experts who prove bespoke risk workshops, incorporating areas such as risk for profit and risk reduction techniques to cater for a broad range of businesses.
