by Rick Nason, PhD, CFA
Partner, RSD Solutions Inc.
One of my guilty pleasures is going through old magazines – particularly old business magazines from the 50’s and 60’s. It is a very useful exercise in that you frequently observe that the factors and practices that made companies successful 50 and 60 years ago are the same factors or practices that make them successful today. In essence there are a set of best business practices that are timeless.
This raises an interesting, and perhaps troubling point. What risk practices are timeless? What risk practices that we currently utilize would have also been considered to be best risk practice in the 1950’s? What risk practices from the 1950’s are still considered to be best risk practices? What risk practices from today will be considered best risk practice in 2060?
1 comment:
As you know from Mad Men, there was no risk management in that era: drinking and driving, drinking while pregnant, smoking while pregnant, sexual harassment in the workplace, sleeping with co-workers in your office, bringing prostitutes to your office, driving a John Deere tractor through the office while drinking and smoking, etc.
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