In my online class at Harvard University, I teach my students how organizations create their strategic objectives from their mission statement, whether this is done explicitly or implicitly. Risk can be defined as the “effects of uncertainty” on setting and achieving their strategic objectives. These “effects of uncertainty” are a deviation from what is expected in an organization’s internal and external context (Clause 4.1) of every new and revised ISO management system standard. Continue reading
Author Archives: greg
#194 – HOW TO STAND OUT IN THE JOB MARKET TO GET HIRED – SIMON GRAY
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When it comes to the job market at any level, and especially when it comes to executive positions, you have a choice.
The choice is to follow the crowd and react to opportunities you’re given, or to proactively pursue what you really want whether it’s currently advertised or not. Continue reading
#194 – THE FUTURE OF ENTERPRISE RISK MANAGEMENT IN THE 2020’S – GREG CARROLL
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The 2009 release of ISO 31000 was the first step across the threshold into 21st century risk management. Unfortunately the industry that has developed around it has firmly grabbed the doorway and won’t let go. Although the latest revisions make references to decision making and integration into functional purpose, it totally misses the point of risk management, which is to assist navigating a complex world. Continue reading
#193 – THE GREAT WRECKONING – GEARY SIKICH
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Time matters most when decisions are irreversible
Transparent vulnerabilities are so obvious that they are easily overlooked; they are the ones we:
- see when they are pointed out;
- recognize when we are made aware of them;
- fail to acknowledge, leading to potentially significant consequences when the vulnerability is realized.
#193 – THE LOW BID: WHO’S RISK? – MALCOLM PEART
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We live in a competitive environment and business generates the money that makes the world go round, or at least should do. Money is the medium of exchange for goods and services and allows society as we know it and the global economy to function.
Those who have money engage those who want money to provide them with products or services and this is done through contracts. Contracts are awarded at a price that the person who has the money (the Client) is prepared to pay and ‘the winner’ is typically the lowest compliant bid. Continue reading