In today’s rapidly changing corporate landscape, risk managers face new challenges that demand a shift in their skillset. Traditionally, risk managers have focused primarily on technical aspects of the job, relying on quantitative analysis and measurement systems to manage risks. However, recent developments in the business world, such as environmental concerns and social media pressures, …
Category archives: Leadership for Risk Managers
Risk Manager vs Risk Management Advisor: Understanding the Roles and Differences
Risk management plays a crucial role in organizations, helping them navigate uncertainties and potential pitfalls. To effectively manage risk, companies often rely on the expertise of professionals such as risk managers and risk management advisors. While these roles may sound similar, they have distinct differences in terms of responsibilities, approach, and skill sets. In this …
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Are Risk Ambassadors the Solution to Justification Busting?
In today’s corporate landscape, the prevalence of justification as a means to evade responsibility has become a concerning norm. As organizations grapple with this issue, the concept of risk ambassadors has emerged as a potential solution. Risk ambassadors are individuals within a business unit who act as representatives and promoters of proper risk management activities. …
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Ethical Capitalism: Balancing Profit and Social Responsibility
In today’s rapidly evolving business landscape, the concept of Ethical Capitalism has gained significant traction. This business model seeks to balance the pursuit of profit with a strong commitment to social responsibility, ethical behavior, social justice, and environmental sustainability. By operating in an ethical and responsible manner, businesses aim to create a sustainable and equitable …
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A Year on the Factory Floor: Lessons Learned and Assumptions Challenged
What’s that expression, a change is just as good as a rest? Sometimes, when our careers hit a roadblock, taking a different path can provide the rest and reset we need. As someone who experienced setbacks in the financial services industry, I found myself in need of a break and a chance to refocus on …
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