by Rick Nason, PhD, CFA
Partner, RSD Solutions Inc.
The key to success we are often told is to have a clear goal. To be able to clearly and unambiguously define what success is. What is success – or victory – for your risk department? Can you explain it to your mother, your boss, your Board?
How will you know when the battle for risk is won? Is it when downside risk has been eliminated? (I hope not.) Is it when all upside risk has been exploited? (I hope not.)
Is victory when the risk department gets a huge bonus pool? (I hope so.) However how can this happen if you can’t define what victory is?
No comments:
Post a Comment