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We have to move on from this 3-lines-thinking, it is outdated, every employee is a risk manager and must manage the risks associated with his or her job on a daily basis, in an effective Risk Culture there is no need to "defend" it is just optimised risk management and taking more risk to get more reward and build sustainable competitive advantage. Those who are not good or do nothing to build an effective Risk Culture, will just be exploited by those who are better.
So many lists of the Top 10 risks for 2017 floating around and we are already in March! Everyone seems to do the same study and get different results! No wonder we are not getting anywhere with Risk Management. Maybe we should now make a "master" list of the top risks from each study and then do another survey to see if that is a good list. Every organisation must have their own list of top risks... and DO something about it, lists means nothing, ACTION is everything. Those who are…Continue