Risk Management
"However beautiful the strategy, you should occasionally look at the results"...WC
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Risk Management is not taken concern much in organization. However, almost everyone practices risk management everyday e.g. taking the route to work, arrange priority during work or even basics such as organization who to date during Valentine’s day. But when it comes to business decision, it turns out that a lot of people don’t know how to handle it. Compare this with having a family, I’m sure every one is excited when the off spring is born.
Risk Management from the very first day e.g. how to take care and bath him, what does he want when he cries, is this milk safe, what if it goes wrong … I’m sure all young couples face those risk, yet manageable.
One of the reasons that risk management wasn’t taken care in organization is that no one is [assignedto be] responsible for it.
Everyone thinks that it’s the boss’s job, not mine. To a factor yes, the boss takes the risk and he has to manage it – however, the criteria for good decision making comes from good information, of which comes from good data and source. If the information is not correct, scattered, unreliable etc., it would possibly be impossible for the management to deal with risks.
So the question really is, “Do we have quality and analyzed information to use when it comes to decision making?”.
Stepping outside of your comfort zone can trigger the pump.
The natural reponse to being on unfamiliar ground is to expect the worst.
However maybe you need to consider the data you have to hand to help you determine just how much you need to be concerned.
Is is the disaster you anticipate just an imagine event, or can you simply challenge this concern as something your cautious side tells you to consider?
Weighing up the evidence you have to hand will either support the view you really should take conservative steps or shows you are experiencing the usual dips and flows you might reasonably expect
Gathering evidence is vital to keeping your eye on the prize.