by Rick Nason, PhD, CFA
Partner, RSD Solutions Inc.
You have probably heard the saying about the two workers who started at the same organization at the same time. One got rapidly promoted and was well known throughout the organization for their intelligence and their value to the organization. This worker was rapidly and continually promoted until they were one of the most senior and most respected people in the organization. The other worker worked just as hard, but ten years later was still working at the same job, while the other was a senior executive.
Both people started at the same time, and thus both had the same amount of experience. Why did one rise rapidly through the organization, while one stayed stagnant in the same job? The answer of course is that one learned and changed and evolved. They built on ten years of experiences. They changed each year and developed. The other worker had 10 one year experiences which they repeated year after year. They refused to learn, and they refused to evolve. They did the same things, in the same way, and while they became very practised and proficient in working that way, they never evolved and never developed the skills and competencies to take on ever more challenging tasks.
As a risk manager are you developing and evolving and building new competencies, or are you doing things the same way that you did them last year, and the year before that, and the year before that …
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