*/By Rick Nason, PhD, CFA
Partner, RSD Solutions Inc./*
In my previous blog, titled "Inspiration", I quoted Einstein. Here is
exactly what I wrote.
… but as Einstein said, "the same thinking that created a problem cannot
solve the problem" … (or he said something like that …)
This of course is not the exact quote. According to BrainyQuote.com, the
exact quote is "We can't solve our problems with the same thinking we
used when we created them." I was obviously off with my quote – but did
it really matter? You got the idea didn't you?
Too often we sacrifice getting an idea across for exact correctness. We
spend all of our time making sure that all of the i's are dotted and t's
are crossed, and by the time that is done the time for the idea has passed.
The previous sentence was poorly worded, but you get the idea.
Friday, June 14, 2013
Wednesday, June 12, 2013
Inspiration
*/By Rick Nason, PhD, CFA
Partner, RSD Solutions Inc./*
When writing, or working on something that is similarly creative, I sometimes
get stuck and need to do something for inspiration. Generally I will read a
magazine or scan design websites or visit the NFB website to watch some of
their more creative films.
I believe that risk management also needs to occasionally take a step back
and get some external inspiration and perhaps more importantly some
externally inspired creativity. Analysis by itself is fine, but as Einstein
said, "the same thinking that created a problem cannot solve the problem"
… (or he said something like that …)
Partner, RSD Solutions Inc./*
When writing, or working on something that is similarly creative, I sometimes
get stuck and need to do something for inspiration. Generally I will read a
magazine or scan design websites or visit the NFB website to watch some of
their more creative films.
I believe that risk management also needs to occasionally take a step back
and get some external inspiration and perhaps more importantly some
externally inspired creativity. Analysis by itself is fine, but as Einstein
said, "the same thinking that created a problem cannot solve the problem"
… (or he said something like that …)
Tuesday, June 11, 2013
Work Boots
*/By Rick Nason, PhD, CFA
Partner, RSD Solutions Inc./*
My daughter, who has a part time job in a retail store that is known for
selling trendy clothing stubbed her toe on a rack of clothes. She really
did a number on her toe, as it ripped her toenail and knocked her out of
running in a 5k race for charity this past weekend.
Probably, in North America this past week a similar event happened at least
1000 times in retail stores that have clothing racks. If it was occurring
with the same frequency in banks, it is quite possible that a banking
regulator would pick up on this as a significant risk and require all
wing-tip shoes to have steel toes. I just wonder why no one in retail has
thought of this yet and issued a rule that all store staff wear work boots to
protect against toe-stubbing. Is it because they do not have risk managers?
Partner, RSD Solutions Inc./*
My daughter, who has a part time job in a retail store that is known for
selling trendy clothing stubbed her toe on a rack of clothes. She really
did a number on her toe, as it ripped her toenail and knocked her out of
running in a 5k race for charity this past weekend.
Probably, in North America this past week a similar event happened at least
1000 times in retail stores that have clothing racks. If it was occurring
with the same frequency in banks, it is quite possible that a banking
regulator would pick up on this as a significant risk and require all
wing-tip shoes to have steel toes. I just wonder why no one in retail has
thought of this yet and issued a rule that all store staff wear work boots to
protect against toe-stubbing. Is it because they do not have risk managers?
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