Patrick Ow is a Risk Specialist and Chartered Accountant with over 25 years of international risk management and corporate governance experience in the private, not-for-profit, and public sectors, and across different industries. He helps individuals and organisations make better decisions to achieve better results and outcomes as a corporate and personal trainer and coach at Practicalrisktraining.com. Continue reading
The pandemic has caused a lot of people to re-evaluate, particularly when it comes to working.
After spending more than a year at home, some don’t want to go back to commuting, preferring the flexibility of remote work at least a few days a week. Instead of heading back to the office in the wake of the Covid pandemic, employees may quit instead – this is called the “Great Resignation.”
Many employees are ready to see what else is out there. Continue reading
In Part 1 of this series, we looked at the two relevant dimensions for decision-making under certainty, risk, and uncertainty that form the certainty-uncertainty spectrum are:
Uncertainty is all around us, never more so than today. Whether it concerns a global pandemic, the economy, or your finances, health, and relationships, much of what lies ahead in life remains uncertain.
Nonetheless, life continues. You still must earn a living, take care of the family, house, and car, and walk the dog. All under these new clouds of stress and uncertainty. Continue reading
Andy Benoit once said, “Most geniuses — especially those who lead others — prosper not by deconstructing intricate complexities but by exploiting unrecognized simplicities.”
This statement is so true when corporate leaders and managers tend to over-complicate processes or over-engineer systems in organizations. Designing and implementing your organization’s enterprise-wide risk management system is no exception. Continue reading