#376 – HOW TO CREATE A POSITIVE RISK CULTURE – PATRICK OW

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As the world begins to unevenly emerge from the COVID-19 pandemic, people’s re-evaluation of their lives and work means employee engagement has been replaced by employee experience.

Employee experience is about the critical need for organisations to help people do and be their best. It is shaped by: Continue reading

#374 – GREAT LEADERS FOCUS ON THE WHY, NOT THE HOW OF RISK MANAGEMENT – PATRICK OW

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Effective leaders provide their employees with a heartfelt portrayal of the WHY, a deep-rooted purpose, before defining the WHAT, the product or service, and then finally, the freedom on the HOW, which is the process.

First, understand the WHY of your solution. This gives you the line of thinking needed to decide HOW you can provide this solution in a way that is better than your competitors and more efficient for your customer. Continue reading

#372 – AGILE VALUES CAN SIGNIFICANTLY IMPROVE RISK MANAGEMENT – PATRICK OW

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The Agile Manifesto, also called the Manifesto for Agile Software Development, is a formal proclamation of four key values and 12 principles to guide an iterative and people-centric approach to software development.

The four key values of the Agile Manifesto are also important values for significantly improving risk management practices in organisations: Continue reading

#371 – TOO MUCH RISK MANAGEMENT CAN HURT THE ORGANIZATION – PATRICK OW

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Organisations that promote formalised and standardised risk management practices can create a risk culture where their employees view risk management as a compliance and tick-the-box exercise.

In comparison, organisations that intentionally promote a more informal environment where risk discussions and information sharing naturally occur as part of the broader organisational culture when making decisions can experience a positive risk culture. Continue reading

#370 – RISK AVERSE RISK OFFICERS ARE KILLING ORGANIZATIONS – PATRICK OW

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Businesses exist because they are formed by entrepreneurs. They exist to earn a return for the business owners and shareholders.

Organisations exist to fulfil a specific social purpose and to satisfy a specific need of society. The potential for creating value for their customers and stakeholders is a key motive for all types of organisations including the public sector and not-for-profits. Continue reading