Are you hungry for a better approach to risk appetite?
Norman Marks discusses points from a recent paper, Feeling hungry? A simpler, more intelligent approach to risk appetite, written by Chris Burt of Halex Consulting.
risk
Are you hungry for a better approach to risk appetite?
While the cost of control is certainly something to consider, there are times (many, many times) when more risk should be taken because of the potential for increased reward.
Let’s talk about assumptions and risk
When we make a decision, we normally make a number of assumptions about what we expect to happen. My view of risk management, or should I say risk management that adds value and helps an organization succeed rather than just avoid failure, is all about what might happen.
