Category Archives: Process@Risk™

#181 – INDIVIDUAL AND CORPORATE RISKS ARE NOT THE SAME – ALEXEI SIDORENKO

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SIDORENKOIn the first of a four-part series, Alex Sidorenko, founder and CEO of Risk-Academy, explains how the key to managing corporate risks is often through dealing with the individual risks of decision-makers first.

If there is one thing I learned in my previous role as head of risk at a multibillion-dollar sovereign investment fund, risk management is not about managing risks. It’s about helping management make strategic, operational and investment decisions while keeping the risks in mind. Continue reading →

#181 – THE ANTIDOTE TO FRACTURED MANAGEMENT THINKING – IAN DALLING

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DallngOrganisations, through their structures and processes, exist to deliver a purpose. They also impact their internal and external stakeholders’ needs, expectations and aspirations positively and negatively. Ideally, they should be delivering equitable win-win outcomes across their stakeholders while making the best use of the available resources which is the principle of integrated management.  Continue reading →

#172 – FAIL FAST – FAIL SMALL – LEARN AND MOVE ON – JOSEPH PARIS

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image001-2-300x300-250x250Nobody likes to fail. Failing causes us embarrassment. Failing bruises our ego. Failing might be a dark spot on our performance assessments. All we have to do is reflect on our childhood for when we failed and how poorly we felt. Even if our parents did give us encouragement, we still felt bad about failing. Let’s face it – failing sucks.

In most countries, if you fail at business, you carry the stigma of that failure with you for a long time – perhaps forever. The Economist did a great article entitled “European entrepreneurs; Les misérables” in June of 2012. Continue reading →

#166 – CHANGING A CONTINUOUS IMPROVEMENT INITIATIVE INTO A GLOBAL PROGRAM – JOSEPH PARIS

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image001-2-300x300-250x250The “laws of nature” are absolute.  When we discover a contradiction to a supposed law of nature, it is not nature that is wrong, but our understanding and definition.  Once, it was believed that the Earth was the center of the solar system, supported in our understanding of the science at the time – and was proved incorrect.  And it was once believed that the Earth was flat – and this too, was disproved.  Continue reading →

#164 – BALDRIGE ADDS ENTERPRISE RISK MANAGEMENT – JAMES KLINE PH.D.

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aIMG_4231Introduction

The National Institute of Standards and Technology (NIST) just issued the 2017-2018 Baldrige Excellence Frame Work.  There were modifications to a number of categories such as Category 1 Leadership, Category 2, Strategy and Category 6 Operations.  Included in the modifications were substantive additions for Cyber Attacks and Enterprise Risk Management (ERM). Continue reading →