The Risk Management Fable

There are people who live in panic mode. At that time, the sky always falls. "Chicken small" syndrome, and they always fear that the sky will reach its head. The slightest disturbance in their workplaces pans them panic, and I leave, and they are threatening others with panic. It seems that success only affects Chicken Little, after others have joined the panic feeling and they have been subjected to the same panic sensation and have started sharing with Chicken Little's urgency to run and do something. Chicken Little is a committee and they all start to tell the king that the sky is falling.

If you are the manager of Chicken Little, then you must learn to distinguish between real problems and imagined problems. find a way to stop these confusing organizational panic attacks. Of course, if it falls under the sky, it would be good to know, but is this what needs to be solved? It will help if you do not have a person named "Henny Penny" or "Lucky Ducky" who has become a member of "The Sky's Falling" Committee. It is never good for a business to work in panic, especially when it comes to a serious problem.

Chicken is a small team who panic in everything. He constantly feels that there is a need for emergency controversy, all measures must be taken outside of the normal process, and everyone must stop everything they do and join the Chicken Little, imagining what will happen when the sky falls. We need to fix this now … now … now … Chicken little syndrome goes chaos. "There is no time to put things on the right path." "We just have to do this now … now … now …" "We can do the right thing next time!" There is no time to follow the process when the sky will fall! Damn it to bureaucracy, it's time to jump into the water and start swimming! Even if the problem is serious, is this really the way you handle your business?

Getting from one chaotic to another can be cultural for an enterprise. Keep in mind, however, that this month the sky will not fall. The fear of what can happen, taking control of everyone's actions. "The customer has a problem and what happens when others raise the same problem?" "We may need to stop production and take care of the problem, instead of implementing the new, competitive changes that the customer wants." The acorn that found Chicken Little on his head would have caused more damage than we originally thought. Chicken Little can not distinguish between big problems and babies and before he realizes that he still has few problems for the team to lose weight.

When you find yourself in an organizational panic attack, you're better off insisting on reliable processes, not leaving them. You may find that the sky really does not fall and the water is not as deep as it seems, but there is also a chance that you have noticed a major problem. It is time to avoid panic and make a calm decision on the impact and solution of the problem. Things can be foolish in every business. If your problem appears to have fallen out of the sky and you are not taken away, you have to start some questions about the operation. The process that you should have acquired before your hand is a proactive risk management process. Many businesses (and not all of them small) do not carry out a risky self-assessment that can improve their chances of getting ahead of the problems. The chicken made a small mistake, but at least he was looking for the problem. Every business must have at least one operational risk per year to carry out self-assessment. In my practice I regularly hear customers: "I saw the signs, but I did not pay attention to them." Perhaps it's time for Chicken Little to give a little credit, but just do not join the panic …

Instead of meeting the team of "The Sky is Falling" and convening the meeting, an effective risk management process allows, to identify the potential risks, determine whether only one acorn or sky actually falls and plans to avoid or mitigate the risks. Keep in mind, however, that Chicken Little does not take risks. He addressed a problem. "The sky falls down, the sky falls, it's in my head." If the sky is already falling, it is too late to avoid the problem. At this point, the risk has already been realized. To be able to help, Chicken Little had to fix the problem before it was done. Risk is a chance that an event will occur in the future that may have a negative impact on your business. Little chicken had to shout: "The sky SHOULD fall, the sky SHOULD fall." But consider the advantage that it would give you your job … provided that something is happening in the future that could cause the acne to fall (tomorrow's wind storm is expected), which means that Chicken Little has not yet felt the cranium, then the risk can be avoided or alleviated. Chicken Little can avoid walking under oak or wearing a hat on windy days. In both cases no need for panic. The risk could be identified proactively and the problem had to wait long to avoid or mitigate it.

The morality of the story (every tale at least one); If your body is in anxiety with a Chicken Little syndrome, you will be wearing a useful tool such as risk management, a hat when walking along an oak tree and performing (mainly) an operational risk management process that calls for annual assessment. And a last note. Because the most common cause for failure of the annual risk assessment for customers is that they can not afford the time. Really! Risk management improves the sustainability of a business. Unless you are afraid of what you find (ostrich syndrome!), Or your business will never have a problem, how can you afford not to evaluate your operational risk?

Source by sbobet

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