Risk management and compliance play vital roles in ensuring the success and stability of businesses across various industries. One aspect that often arises within these functions is the presence of tension, particularly between risk management professionals and sales teams. This tension, when managed constructively, can lead to growth, innovation, and improved outcomes for both …
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Introduction In the realm of decision-making, understanding the distinction between reasoning and rationalization is crucial, especially for risk managers. While these terms may seem similar at first glance, they have significantly different connotations and implications. Reasoning involves reaching conclusions based on logical thinking and evidence, whereas rationalization involves explaining or justifying something to make it …
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Introduction The COVID-19 pandemic has brought about unprecedented changes in the way we work, with many office jobs transitioning to remote work and virtual meetings. As the situation improves and vaccinations become widespread, organizations are now faced with the decision of when and how to return to the office. However, this transition is not without …
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Introduction In today’s complex business landscape, effective enterprise governance and risk management are crucial for organizations to thrive. The interplay between these two functions can determine the success or failure of a compliance culture within an organization. This article will delve into the key factors that influence the relationship between enterprise governance and risk management, …
In a previous post, I mentioned evidence-based management and I thought additional information would be helpful. Evidence-based management is best defined as gathering all the information possible to make an informed decision. We make decisions in our personal and work lives through a wide variety of lenses. For example, in our work lives, decisions are …
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