Culture

By Rick Nason, PhD, CFA
Partner, RSD Solutions Inc.

In biology class you may have grown a culture of some organism in a petri dish.  With the right ingredients and conditions, the culture could be reliably formed.  There is a “recipe” if you will, of growing a bacterial culture in a biology lab.

In risk management we also talk about culture, and the need to form a specific risk culture in order to achieve the risk management objectives of the organization.  Growing a risk culture is not the same as growing a bacterial culture.  There is not a “recipe” for growing a risk culture.  There are not a set of conditions or nutrients that will guarantee success.  Stop thinking that there is.