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1 Daniel May commented   Permalink No RatingsRatings 0



I think a big part of the problem is that humans don't think about risk very well. Even mathematicians find it hard to think about probability. Bernstein's "Against the Gods" illustrates this point very well.
 
Risk is a different way of looking at the problem. Not many people are well-organised - but being well-organised doesn't mean that you're oriented around risk. No plan survives contact with the enemy :)
 
Maybe we need better ways to communicate the consequences of risk, what it means, what can you do, what you can do to IMPROVE the situation. We can be fear- and consequence-driven creatures a lot of the time.


2 Luke Wajsbrem commented   Permalink No RatingsRatings 0



Daniel, thank you for making an interesting point by introducing German military strategist Helmuth von Moltke’s observation that no battle plan survives contact with the enemy. Sometimes independent events cause the same consequence such as fires, civil disturbances, transport strikes, loss of essential utilities, or natural disasters causing (on their own, or in combination with other independent events), the loss of a building for a period of time. In such instances, it can be more efficient planning to deal with the loss of a building for a period of time rather than attempting to prevent each event that could cause such a loss. Good risk management solutions, such as IBM’s, facilitate these types of decisions.


3 Dirk Dobbs commented   Permalink No RatingsRatings 0



For me, risk is often thought of too negatively, ie what can go wrong, how do we stop this from happening, how do we avoid this, this is all premised on looking at risk as a problem.
 
Instead, I think risk should be looked at more positively, ie what's the right thing to do, how can we improve (per Daniel May's comment) our position/situation, this requires thinking about risk not as a problem, but as an opportunity!


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