by Rick Nason, PhD, CFA
Partner, RSD Solutions Inc.
I enjoy reading the magazine Fast Company – always have and probably always will. Although my opinion is that Fast Company has “slowed” from its earlier days and is not quite as exciting, challenging and fresh as it was when it first launched in 1995, it is still one of the few business publications that consistently tries to challenge the thinking of business people.
Particularly in the early days, Fast Company was as much a mind-set as it was anything else. In my opinion it was a much needed reaction to the thinking of “don’t question the policies; they have always been that way for reasons we can no longer articulate – but they are good reasons – trust us!”
Fast Company was about generating ideas, fresh thinking, paradigm shifts and action. And if things don’t work out, then great! Tomorrow is another day and we can all try something new and THAT new thing might just work. Rather than settle for mediocre, let’s try to find a better way of thinking.
In a word, Fast Company was an “optimistic” magazine for young minds going into business who wanted to use their energy, enthusiasm and youthful thinking to its full potential.
Now, here comes a question – what characteristics do you value in your Risk Department? On that theme - is your department “Fast” or “Slow and Old”? Are you optimizing the balance between the enthusiasm of young minds with those who possess great experience? Is your Risk Department keeping up with all of the changes in this financial environment?
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