Innovation of Risk

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.  So, how are we confronting the challenge?

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.

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?

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.

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.

"The internet provides its users will valuable resources for research and analysis, and for risk management the new innovation is utilising the richness of data on the internet as a critical tool for success."

We share with you an infographic on risk management which provides interesting insight into the current trends relating to internet searches on risk management.

Click the title to read more.

Operational risk is a topic that has seen a significant rise in the amount on "online chatter", particularly since early 2000.  Some interesting statistics are presented in this infographic on operational risk, not the least is the amount of postings on operational risk represents no more than 10% of the amount of postings on the internet for the iPod since 2000!

Click the title to read more.