Risk is Good

*/by Rick Nason, PhD, CFA
Partner, RSD Solutions Inc/*

*/Follow us on Twitter/* [1]

I have written a lot about how we need to view risk as "the possibility
that bad or good things may happen".  Risk is two sided – there is good
risk, and there is bad risk.  There are a lot of reasons why this definition
should be used, and there are a lot of reasons why risk is most commonly
defined as "bad things happening".

To counteract this, perhaps it is time to swing the pendulum too far the
other way in hopes of getting a result closer to the middle.  Thus I propose
that you go an entire week only thinking about the good side of risk.

In that spirit I will get us started:

·       It might be sunnier this week than expected

·       I might write more grammatically correct sentences than usual

·       More people than usual will think of risk management as the
"Department of How to Do it Better" rather than the "Department of
No"

·       Financial markets might move in our favour

·       Cash flow might be more positive than expected

·       Accounts Receivable might be collected faster than projected

·       The company's public reputation might receive an unexpected
boost

·       Stakeholder satisfaction might soar

Feel free to add your own items to the list ….


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