I will start it:
- Take risks, and start asking UN-conventional questions
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Introducing the Global Risk Series - Book 1 Risk Management How Tos
Dear GlobalRisk Community member, Our community’s mission is to foster business, networking and educational explorations among members. Learn from some of the top experts in the industry as they clearly explain how to approach the most important Risk management concepts. Check out their expert tips and use the link at the end of each article to navigate back to the website to leave your comment or ask a question. Some of the topics include: How do you Explain Risk Appetite? How to Prepare a…
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Replies
... understand how to balance risk-taking against potential rewards. In other words, understand the business or exposure that you're trying to protect, not just the risks. If it's a for-profit, you need to understand how the company earns its profits and how resilient or vulnerable it is to risk events. You have to do both, think like an entrepreneur AND a risk prevention and mitigation expert. You have to understand how playing great defense sets up the ability to play strong offense.
Understand the business at the processes level
...understand all sides of business (one presented in financials, but also the other one, performed out of financial statements)!
confidence
Kobe Kobson Motlhatlhedi said:
- Address both risks a n d opportunities
Have an appetite for Risk.
know how to measure risk and know where the edge or the limit lies
Minimize sensitivity to the fat tails.
Live 88% in the Future, 10% in the present and 2% in the past. Technology is changing at such a rapid rate that by he time the new threat is neutralized 20 more are incubating. Think like a rat.
listen very carefully
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