Wednesday, 22 May 2013

The 4E's to saving a Risk Culture

A while back, on my never ending obsession of finding inspiring TED Talks, I came across one by Morgan Spurlock. Probably the most riskiest guy in action , (think back to his Mc D's diet) , however, that aside, at the end of his talk he said something which stuck to me and that was;

"When you train your employees to be risk averse, then you’re preparing your whole company to be reward challenged" 

What did he mean exactly? 
Well, it all boils down to what I call my 4E's

   Encourage Risk
   Embrace Fear
   Embrace Risk
   Embrace transparency 

It's trending: risk management is popular but still, today, in organizations to get the message across the board, influence risk culture (my favourite part) is due to the lack of the 4E's.  

Do we want a company full of employees who are conditioned like 'Pavlovs dogs'
(Flash-backing to AS Level Psychology class).. 
The answer is... NO! 

RISKercizing until next time...