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Risk Management Quotes

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Risk Management Quotes

“company leaders need to provide their company with a self-organizing and semi-autonomous immune system. Effective risk management isn't about a siloed approach focusing on isolated threats. We have to think more broadly. Effective risk management requires a holistic approach that transcends a siloed focus on isolated threats. In today's interconnected business landscape, risks are rarely confined to a single department or function. Instead, they often ripple across the organization, impacting multiple areas simultaneously.”

QuotesBusinessRisk ManagementHendrithCorporate GovernanceBoard Of DirectorsOrganizational LeadershipRisk Governance
Book:Board Room Blitz: Mastering the Art of Corporate Governance
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“Precarious work isn’t only a contractual issue. It is psychosocial exposure - created by design and sustained (or reduced) by leadership choices. If instability is “how we operate”, then psychosocial risk management must treat instability as a hazard condition, not a background HR detail.”

Risk ManagementPsychosocial HazardsPsychosocial RiskPsychosocial Safety
Book:Harm By Design: Psychosocial Risk Management at Work
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“The symposium was a closed-doors, synod-style assembly of people who would never have mixed otherwise. My first surprise was to discover that the military people there thought, behaved, and acted like philosophers—far more so than the philosophers we will see splitting hairs in their weekly colloquium in Part Three. They thought out of the box, like traders, except much better and without fear of introspection. An assistant secretary of defence was among us, but had I not known his profession I would have thought he was a practitioner of skeptical empiricism. Even an engineering investigator who had examined the cause of a space shuttle explosion was thoughtful and open-minded. I came out of the meeting realising that only military people deal with randomness with genuine, introspective intellectual honesty—unlike academics and corporate executives using other people's money. This does not show in war movies, where they are usually portrayed as war-hungry autocrats. The people in front of me were not the people who initiate wars. Indeed, for many, the successful defence policy is the one that manages to eliminate potential dangers without war, such as the strategy of bankrupting the Russians through the escalation in defence spending. When I expressed my amazement to Laurence, another finance person who was sitting next to me, he told me that the military collected more genuine intellects and risk thinkers than most if not all other professions. Defence people wanted to understand the epistemology of risk.”

RiskMilitaryArmyUncertaintyDefenceRisk Management
Book:The Black Swan: The Impact of the Highly Improbable
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“If you've been in the software business for any time at all, you know that there are certain common problems that plague one project after another. Missed schedules and creeping requirements are not things that just happen to you once and then go away, never to appear again. Rather, they are part of the territory. We all know that. What's odd is that we don't plan our projects as if we knew it. Instead, we plan as if our past problems are locked in the past and will never rear their ugly heads again. Of course, you know that isn't a reasonable expectation.”

Risk Management
Book:Waltzing with Bears: Managing Risk on Software Projects
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“Geriatric or other life extension for the powerful poses a similar threat to a sentient species as that found historically in the dominance of a self-perpetuating bureaucracy. Both assume prerogatives of immortality, collecting more and more power with each passing moment. This is power which draws a theological aura about itself: the unassailable Law, the God-given mandate of the leader, manifest destiny. Power held too long within a narrow framework moves farther and farther away from the adaptive demands of changed conditions. The leadership grows ever more paranoid, suspicious of inventive adaptations to change, fearfully protective of personal power and, in the terrified avoidance of what it sees as risk, blindly leads its people into destruction. ―BuSab Manual”

BureaucracyAdaptabilityRisk ManagementStagnationTheocracyConcentration Of Power
Book:The Dosadi Experiment
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“The four most dangerous words in finance are 'this time is different.' Thanks to this masterpiece by Carmen Reinhart at the University of Maryland and Kenneth Rogoff of Harvard, no one can doubt this again. . . . The authors have put an immense amount of work into collecting the data financial institutions needed if they were to have any chance of making quantitative risk management work.”

IfsDifferentChanceDoubtFourRiskDangerousAmountNeededManagementInstitutionsUniversityFinancialFinanceThanksDataImmenseMasterpieceCollectingHarvardRisk ManagementFinancial InstitutionsKennethMaryland
Author:Martin Wolf
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