The Two Faces of Risk: Cultivating Risk Intelligence for Competitive Advantage
You needn’t be a seer or sage to perceive risk. It’s as predictable and as devastating as a Florida hurricane and as far-reaching as a corporate scandal. But you do need to be a visionary to see the opposite side of the risk coin, the one that lands face down after you flip. The underside represents opportunity, competitiveness and growth.
What do these things have to … [ Read more ]
Content: Article | Authors: Mark Layton, Steve Wagner | Source: Deloitte Review | Subject: Risk Management
Steve Wagner, Mark Layton
Unrewarded risk represents what poker players call “table stakes”: you’ve got to ante up just to get into the game. The ante, of course, doesn’t guarantee success; it only ensures that a hand of cards will be dealt to you. Numerous examples of unrewarded risk appear in business. For instance, every public company in the United States must comply … [ Read more ]
Content: Quotation | Authors: Mark Layton, Steve Wagner | Source: Deloitte Review | Subject: Risk Management