by Rick Nason, PhD, CFA
Partner, RSD Solutions Inc.
This time of year everyone talks and thinks about stress. We hear reports of how suicides are up and the theories that in part they are caused by the stress of the holidays. We meet people who are rushing too and fro, stressed out about getting the right gifts, the coming credit card bill, about getting a good deal on the Boxing Day sales.
As a risk manager your job is to think about the stresses, both present and real, perceived but false, as well as future and potential, that affect the operations of a company or institution. To be sure, corporate stress is different from the stresses experienced by an individual, but the concept is certainly the same.
As individuals we talk a lot of how great it would be to have a stress free life. However is this an appropriate dream for a corporation? Is it an appropriate dream for the risk manager of a corporation?
What worries me in the corporate world is the absence of worry or equivalently (depending on your semantics) the absence of stress. Is it really good to have the absence of worry on a corporation? I propose that when the corporation stops worrying, that is when it is about to be blinded-sided in a catastrophic way.
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