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Top 10 Risks for 2012

In early 2011 we discussed the top risks for 2011, leading into 2012.  A little over a year later we thought it prudent to cover what we see are the Top 10 risks for the rest of 2012 and leading into 2013.

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Speed of adoption risk

The rapid change in the consumption of technology is overtaking Moore’s Law as the most talked about rule.  Quite simply, over the last decade there have been a significant number of advances in consumer technology and what we have seen is the ever increasing trends in consumption patterns surrounding these new technologies.

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We need more glass half-full risk managers

Way too many risk managers, risk experts, and risk professionals are glass half-empty people.  Of course the role of risk management is to focus on  the potential things that can go wrong, but that does not mean that the risk manager has to be negatively focused.  In actual fact, it is that negative focus that has made risk managers the type of person that businesses wish to avoid rather than engage.

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Finding operational risk data and having it work for you

One of the most important roles of a risk professional is to be on the front foot with information. The expectations of the organisation, and most likely your CEO, is that as the Risk Executive you have an ear to the ground and an eye on the horizon.

Quite simply, unless you are superman, covering such a broad area with one mind is going to be a massive challenge for anyone. So, how do you confront that challenge, because confronting your CEO with why you cannot be on top of everything operational is most likely a career limiting move.

So, how are we confronting the challenge?

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Risk Leadership – The Magazine

Defined as showing leadership in the field of risk management, risk leadership is paramount to the success of successful organisations.  When we think about risk management in the context of leadership we are referring to the individual and team based position of stepping forward and determining the key risks and determining the best business response.

Within this magazine we explore a number of areas surrounding leadership in risk management ranging from thinking about risk management with a “heads up” approach, understanding your customer, peer leadership, social media risks and rewards and a special feature on the Top Risks of 2011.

We hope you enjoy this magazine and please feel free to provide us feedback for future editions.

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Where is risk management going?

Theoretical scientists spend many hours considering the universe and everything in it, about it and around it.  They ponder the very fabric of how things are made and also determine the theories around everything scientific in nature.

Does this have anything at all to do with risk management?

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Know Your Risks – An Infographic Guide

The newest infographic from Riskographics provides a visual guide for “knowing your risks”.  Leveraging the AS/NZS ISO 31000:2009 Risk Management – Principles and Guidelines, this infographic provides a more effective way of communicating the risk management process.  The document itself contains 9584 words where as this infographic is all about the pictures.

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Leaders lead and don’t just manage, the key 10 ingredients

What are the key attributes critical for leaders? What are the attributes of people that show leadership through leading others regardless of their role in the organisation? Leadership is not defined by hierarchy, grade or level of pay.  It is defined by the response of those around you.  

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Some retail risk therapy

We want to help in our way,  so here are the top 5 risks for the retail industry and some thoughts on potential controls.  Personally, as a consumer, if the retail industry did not have these as their top 5 then they were not doing risk management.  But, that is just my opinion.  Back to the risks themselves.

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Innovation of Risk is Not An Option

Recently I have been pondering a lot of my old posts and allowing them to reappear in my thinking. Essentially, I just wanted to take some time to rethink what is the “innovation of risk”? Have I answered that question? Not exactly. Instead, at this point,  I have thought that the key fact about risk is this – risk is old and stale.