Monday, October 3, 2011

We seek it here, we seek it there. Is risk everywhere?

Risk_cartoon
by Michael Arbow, MBA

Partner, RSD Solutions Inc.

www.RSDsolutions.com

info@RSDsolutions.com

 

Seeking risk in everything can sometimes be as debilitating as not seeking or understand risk at all.  One of my favourite blog discussion points is those dealing with individuals and organizations that spend great human and financial capital to minimize downside risk.  It can be argued that everything entails some degree of risk (which should not be equated with opportunity costs) but at times, the likelihood of occurrence of the actual cost when the risk is realized is rather trivial. 

 

 

The word of advice here is understand the risks you or your organization face and identify those with true cost (financial and in human capital) to the firm for addressing the others may set your firm back on innumerable levels.

 

Note:  A thank you to "funny times" (http://www.funnytimes.com/cartoons_tag_result.php?tag=risk) for today's risk cartoon.

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