Taking Risks is necessary to get Opportunities but Taking Risks without Risk Management is GAMBLING!
Weeds do not need any help to grow. But to have a beautiful garden requires hard work!
A lot of people and organizations think they are taking risks and managing them effectively because ‘on the surface’ (revenues, short-term profits) everything appears to look good!. Unfortunately, it is only during a crisis that they will find out too late that they are ‘naked’.
A Stress testing is a form of test that aims to evaluate how a system (financial system) or an entity (a Bank in this case) can cope when subjected to amounts of stress that goes well beyond the ‘normal’ expected operational environment. The goal is to observe the results to determine the resistance range and breaking point. Continue reading
A major hack attacks resulting in tens of millions of your customer’s information including credit card details to be compromised and forcing your organization to shutdown your main online money-making system should be one of your worst nightmares. Continue reading
I was last Friday (4th of March) invited to present the Singapore HRM award 2011 for “Best Change Management Practices” to the winner of this year contest. This year’s winner: Kraft Food Singapore managed to beat on the line MOM, ANZ, NOKIA and a few more organizations of the same league. Continue reading
The First step in understanding Risk Management and Decisions about Risk is to try to understand RISK itself! This is a challenging undertaking, a even though everybody may have an ‘idea’ of what risk is, when you ask them to define it precisely, most people will find it very difficult. Continue reading
In the wake of a string of catastrophic events such as economic crises (Asian financial crisis, Dot-com Bubble, etc.), major corporate failures (Enron, WorldCom) and the rise of new risks and uncertainties (epidemics, terrorism,), organizations all over the world are now facing increasing and conflicting pressures from their stakeholders Continue reading