#398 – CONSTRUCTIVE BEHAVIORS ENABLE EFFECTIVE RISK MANAGEMENT – PATRICK OW

Featured

Organisational cultures can either enable or inhibit effective risk management through either constructive or defensive behavioural norms respectively.

When there is constructive organisational culture, people want to, rather than have to, manage risks and do good risk management. And when there is a defensive organisational culture, people avoid doing good risk management and only do risk management when they have to or are being forced, either by management or regulators, merely as a tick-the-box compliance exercise. Continue reading

#396 – DRIVERS OF POSITIVE ‘RISK CULTURE’ – PATRICK OW

Featured

People conclude what is expected of them is based on cues received from the forces that they face daily. These forces drive what they believe and how they should behave – in either constructive or defensive ways. These behaviours can either enables or inhibits effective risk management. Continue reading

#394 – HOW TO CREATE A HEALTHY ORGANIZATION – PATRICK OW

Featured

Healthy organisations create an environment where organisational members have mutual trust and respect for each other, especially in terms of how they decide and implement decisions. They create an environment in which organisational members are empowered to deal with their problems and where problems can be identified, discussed, and solved with mutual trust and respect through cooperation and communication amongst themselves. Continue reading

#391 – CHANGE STRUCTURE BEFORE STRATEGY – PATRICK OW

Featured

Organisations are systems that consist of sub-systems like sales and production. Change impacts the organisational system and subsystems in different ways and speeds – sales may react quickly to the changing external environment, but production may take time to change the process. Unfortunately, people are the hardest to change. Continue reading

#390 – PEOPLE BEFORE PROFITS DRIVES ORGANIZATIONAL PERFORMANCE – PATRICK OW

Featured

Greed, for lack of a better word, is good. Greed is right. Greed works.” (Gordon Gekko, ‘Wall Street’ movie, 1987)

When energy-trading company Enron declared bankruptcy in 2001, it was the largest bankruptcy filing in U.S. history. Enron’s execs were pocketing millions while knowingly overstating the company’s earnings to shareholders through fraudulent accounting. Continue reading