Lord Voldermort would make an excellent risk manager because when he identifies a risk, he assesses it and treats it immediately. Here are a few of my reasons but I welcome additional examples of his risk management in the comment…
When treating a risk creates another risk and so on and so on
Sometimes in an effort to treat an issue, we generate a different risk or increase an existing one in the process. Many of us can relate to when the internal auditors come in, look at existing processes and weak controls…
You cannot mitigate your risks in hindsight
On the one year anniversary of the death of Georgian luger Nodar Kumaritashvili at the greatest Winter Olympic Games of all time, emails have been released disclosing concerns about the luge track that claimed the life of the 21-year old…
Reputation risk and Tylenol
The Riskczar Philosophy on reputation risk is that it is a second order risk. This means the risk to your reputation or brand is not something that can be directly mitigated or insured against, it is harmed when some other…