Tuesday, February 15, 2011

Snap the Fingers on Risk. Part 3 of 3

by Rick Nason, PhD, CFA

Partner, RSD Solutions Inc

www.rsdsolutions.com

info@rsdsolutions.com

  

In previous “Snap the Fingers” blogs (http://tinyurl.com/5wy7wz9, http://tinyurl.com/5vkqcph) I talked about the snap the fingers exercise where you assume I have magical powers and upon snapping my fingers you get to switch your risk department with the risk department of any other company.  The challenge was to figure out who you would choose. 

The second step of the process was to drill down as to why you made the specific choice that you did.  In fact you need to drill down to at least 5 “why” levels to get to the core.  The final step of the process is to ask yourself “what are you doing to become like that risk department?”

 

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