When risk management was in its infancy, it was firmly rooted in the financial sector. Investment banks advised their clients on financial and market risks, and referred them to insurance brokers to cover the rest.
That was risk management in a nutshell. Continue reading “From banking to business”
Risk Management is good, so the more risk management, the better, right?
The key to effective risk management is to use it intelligently, with the understanding that risk is inherent in everything we do. There can be no opportunity without risk. We have all experienced how ridiculous and frustrating it can be when faced with too much risk management.
This example might sound familiar to some: Continue reading “Too much risk management kills innovation”