Getting started
Risk management means different things to different people. Some like it, many don’t, but everyone remembers it when things go wrong. I’ve had the opportunity to observe, experience and hear disparate views on the role of risk management in business. So, who is right?
Some people thrive on uncertainty, some get unnerved and most would like to get rid of it altogether. However, one things is certain, every business has to deal with uncertainty and the world today looks a lot more uncertain than it has been in a long time. This has brought the focus back on Risk Management, or lack of it at some of the troubled businesses. However, what is the role of Risk Management in different types of businesses? Does it change with changing business and economic climate? Is it a proactive or a reactive activity? Can Risk managers actually help businesses grow? Do organizations in different industries, geographies, of different sizes have different Risk Management needs? Is Risk and Governance the same?
These are just some of the questions that I have encountered and pondered over through my career and I have developed a point of view on this matter. Now, through this blog, I will attempt to share my views and, hopefully, initiate a dialogue that can bring together other, different views. As an advocate for good decision-making, I believe in the power of looking at a situation holistically and incorporating multiple, even contrarian, perspectives. I hope this blog can help its readers discover a new perspective and also enable me to educate myself and refine my own views.
I look forward to engaging in an enriching dialogue and exploring some of the less understood aspects of Risk and Governance. I will also try and incorporate posts on other topics of interest to me, such as climate action and developments in the business world. Happy reading!