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- Integrated and convergent risk approaches need some discussion. Are they so different? And what about the good old Enterprise Risk…
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Max Planck wrote: “A new scientific truth does not triumph by convincing its opponents and making them see the light, but rather because its opponents eventually die, and a new generation grows up that is familiar with it.”
At Riskope belong to those who argue that the transition from faith and luck, which were two pillars, fortunately not the only ones, of planning/managing the future of a project/ operation, to rational thinking is far from completed, despite a few generations having gone by.
With rational thinking, events are recognized to occur because they have causes; believing in luck obscures the causes and forbids rational mitigation and proper communication, but also allows to glorify intuition and “success”.
If Risk Management is fostered as a continuing process rather than one-off event it becomes way more than an alibi for Short Term Thinkers and a true Management Support function with numerous benefits for Long Term Thinkers:
The development of a continuous RMP requires people active engagement, their continuous personal-and-Team development to foster change and improvement and ensure that the correct stance will be adopted when confronted with risks.
Quoting Ayn Rand, the russian-american novelist and philosopher, founder of objectivism, people have to understand that although we may be tempted (denial, ostrich) to “… avoid reality, we cannot avoid the consequences of avoiding reality.”