Enterprise Risk" Prevention is better than cure - and other risk management stories
There
are many well used, almost clichéd phrases in the English language that
contain powerful messages for the risk manager. Some that come to mind
include:
Every cloud has a silver lining: If we suffer a
risk incident, we can usually find value, especially if we manage the
incident really well and learn from our past mistakes.
What doesn’t kill you makes you stronger: Failure is
good, as long as we fail within our risk appetite, fail fast, fail with
minimal damage and most importantly, learn from our failures. This will
only make us stronger in the long term.
And my favourite…
Prevention is better than cure: It is better to practice proactive, preventive risk management rather than reactive firefighting risk management.
I spent years discovering the simple tactics gurus like Oprah, Einstein, and Buffett used to become successful—here they are:
Success