My one minute guide to assessing the maturity of risk amanagement of a business:
1. No one talks about risk when it is being managed properly
2. Everyone talks about Risk as the awareness is there but the working management of it is not.
3. No one talks about risk when it is not being managed
What I mean is:
1 is about the change in terminology when risks are being addressed and the environment starts to measure and implement controls and monitoring. The word risk only remains as a header and the rest details the actual risk vectors.
2 . Awareness is there, and it appears that nearly every noun and verb starts to have the word risk put next to it, but not yet into a control environment that actually manages it.
3. Obvious (I hope)
As usual half of the work done in this World is camouflaged by Powerful Politicians/Financial Elites and that the Global Economic System is reaching a tipping point with catastrophe lying in wait.!!!!!
I believe that depends from the organism and the work environment.I agree with the comments,it's wisdom words.
I want to complete my opinion with that.
1. Many times communication is non-existent and the administration in low level after pressure from higher level make mistakes or the upside down but in this situation the lower admin sent misleading messages to the higher admin.Many times they try to hide something like ostrich but usually in this cases come unearth after some years.