#9 – FUTURE OF QUALITY: RISK(R) – GREG HUTCHINS

Greg Hutchins pixWe’ve been in quality land for 30 years.  We’ve noticed something.  Quality professionals are becoming endangered?  At first this was glacial.   And, this is happening at a much faster rate at a disruptive rate?  Think ice packs in Greenland?  So, why is this happening?

Well remember, the quality guru’s who said; “Everyone is responsible for quality.”  Well they were prescient.  What is the job of the quality professional, when everyone is responsible for quality?  Good question.

Well, follks want data.  Take a look at the below Google Ngram.  If you can’t read it, expand it.  It’s a mind blower.

So, “what’s the future of quality” you ask?

RISK MANAGEMENT

Well, we think so strongly about this that we’ve applied for a trademark on: ‘Future of Quality: Risk™.’

So why are we certain about this? First read the below article that came out a year ago:

Risk Management Enters Everyday Business Lexicon

BY CAROLINE MCDONALD, PROPERTYCASUALTY360.COM

From the January 23-30, 2012 issue of National Underwriter P&C

Five years ago, you didn’t hear the phrase ‘risk management’ mentioned all that much in business circles,” notes Robert E. Hoyt, the Moore Chair and professor of risk management and insurance at the Terry College of Business at the University of Georgia.

Now, “I’m amazed in casual conversations how many people are using the term ‘risk management’; it’s clearly in the psyche of a lot more people,” Hoyt says.

The increasing use of the term is underscored by online search results.

“The increase in the number of [results] on the term risk management is pretty dramatic,” Hoyt notes. “This isn’t scientific,” he says, but Hoyt Googled “risk management” and found that:

  • In 2006-2007 there were 3.2 million search results.
  • In 2008-2009 there were 27.2 million.
  • In 2010 there were 63.3 million search results under “risk management.”

What accounts for the increasingly common usage of the term? “We’ve had a lot of business failures, and companies should pay attention to that. And the demand for [risk management] is increasing,” says Hoyt.

SO WHAT ABOUT TODAY?
If you googled Risk Management today, how many hits would you get?

627,000,000

Bio:

Greg Hutchins PE and CERM (503.233.101 & GregH@QualityPlusEngineering.com)  is the founder of:

CERMAcademy.com
800Compete.com
QualityPlusEngineering.com

WorkingIt.com

He is the evangelist behind Future of Quality: Risk®.  He is currently working on the Future of Work and machine learning projects.

He is a frequent speaker and expert on Supply Chain Risk Management and cyber security.  His current books available on all platform are shown below:

 

 

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