It's been said that the biggest risk is not managing risk, however I am not sure that is true. We manage risk every day, either consciously or not, so the real issue is how effective we are at doing so. In this short video I share five potential flaws in the way we manage risk.
Effective risk management requires strong and sustained commitment by management of the organization. The “tone from the top” encourages risk awareness across the organization and staff to be accountable for their actions. Strong leadership utilizes the knowledge of all staff and team members in determining controls before risks occur.