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Risk management

Risk management needs a rethink

Traditionally risk management meant risk avoidance, elimination or minimisation. Today it means risk acquisition. Risk taking is key to learning and innovation.

However, there is a strong correlation between risk taking and failure. Thus it is not in the DNA of industrial age organisations to take risks, which in turn limits their capacity to innovate. 

Sample subthemes to explore include:

  • Risk taking in respect of developing new business models.
  • Developing a culture that is comfortable taking more risks.
  • Redefining governance in the context of needing to take more risks as an organisation. 

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