Risk Managers will appreciate that a proactive culture towards risk management cannot be enforced and neither is it sustainable when introduced through short term thinking / urgency (although possible) . Sustainable risk management requires organisations to embark on a journey overcoming challenges of inertia, discipline shortcomings, change fatigue… The intent of this article is to explore the contribution of culture on risk management and vice-versa, towards development of an appreciation towards fostering a risk-centric organisation. My hypothesis is that ‘Risk Management and Organisational culture have a bi-directional associativity with each influencing and being influenced by the other.
I will base my findings on a large organisation that has undergone both incremental and radical transformations. Not only does this give us a rich history of evolution, it also showcases the transition of staff within the organisation through that Read the rest of this entry