Context

 

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

A major part of getting buy-in for any type of change or managerial activity
is to create the context for why the activity must take place.  There are
many different contexts and motivations that can be applied.  They can range
from (a) must do because senior management said so, to (b) must do because
the regulators said so, or (c) should do as it will help you do your own task
better.  I suspect if I presented this as a survey poll, the results in
order would be (b), (a), and then (c).  I think enlightened mangers (and
employees who have to enact the activity) would readily agree that (c) should
be the answer.  Why the disconnect?  Also, do you think the disconnect is
larger in risk management than in other areas?  (I do.)  If so, why?