Risk fin and why to embrace risk
Since 2009, SEC’s Division of Risk, Strategy, and Financial Innovation, “parachuted into complex legislative matters demanding immediate specialized expertise“. Searching “risk fin” on EconomyInCrisis and DollarCollapse was fruitless.
A beautiful poem “Risk (author unknown)” contains:
To place your ideas, your dreams before a crowd is to risk their loss. To love is to risk not being loved in return. To live is to risk dying. To hope is to risk despair. To try is to risk failure.
concluding “Only the person who risks can be free.“
To succeed, organizational risk-management needs:
- rethink (danger->opportunity->necessity),
- consider (cross-disciplinary/organizational) success-stories
- tailoring to organizational structures