A “scenario thinker” may be able to overcome paralysis in such a situation. He or she will recognize the point beyond which the effort to work out what will happen produces diminishing returns, and will refocus sooner on a different question:
“What do we do if...?” and then: “What does this mean for what we do now?”
The risk profession has not as yet really embraced the mobile device as an enabler or tool for improving risk management. This is actually quite bizarre given that risk management is about managing risks and implementing controls to manage those risks.
The ability to distinguish between risks and issues is one of the most fundamental skills a manager needs in order to effectively manage their business.
The risk management function has been likened to a lighthouse - always on the watch to make sure nothing goes wrong and lighting the way for everyone so they can navigate the safest path.
Innovation is expected and required for any business or function to grow and develop over time. The risk management function is no different, hence risk must embrace innovation.