In his book “Outliers”, author Malcolm Gladwell explains how “The kinds of errors that cause plane crashes are invariably errors of teamwork and communication” as opposed to mechanical causes. Also, they usually happen after a sequence of mistakes and…
You are not a risk manager; you are a fortune teller
The following was written by Beaumont Vance and taken from Risk Management Reports (July 2007): The next time someone at a cocktail party asks what you do for a living, say you increase profit through fortune telling. If nothing else,…
Risk managers are like janitors
This is a bit of a re-post but it seems appropriate following a comment I received earlier where the reader asks: “How can you convince a small business owner to invest resources into something that they cannot see a value…
Risk managers and Chief Risk Officers are “genuinely different types of creatures”
I enjoyed this article about the ascent of the Chief Risk Officer, The chief risk officers are coming, published in July 2009 by Lloyds. Specifically, the differences between the risk manager and the CRO are interesting as described by Peter…