*/By Rick Nason, PhD, CFA
Partner, RSD Solutions Inc/*
*/Follow us on Twitter/* [1]
Robots have displaced a lot of the traditional American workforce. In many
cases, robots can weld things quicker, more precisely and more inexpensively
than humans. They can work with heavier parts and with smaller parts than a
human can. They can also sense when there is a need to make adjustments
better than a human can.
Many professions have a lot to fear about being replaced by robots (and their
thinking cousins computers). However robots (and computers) are not people,
and thus as long as there are people in organizations there will be a need
for human risk managers. Risk is about managing people, and only people can
effectively manage people.
[1] https://twitter.com/rsdsolutions
Thursday, May 22, 2014
Wednesday, May 21, 2014
Assembly Line
*/By Rick Nason, PhD, CFA
Partner, RSD Solutions Inc/*
*/Follow us on Twitter/* [1]
The assembly line as we all know is great for mass production. The assembly
line is by far the most efficient method for churning completely fungible
parts out one after the other.
Risk however is not fungible. Risk is constantly changing in different ways
and is unique to each organization and to each context. Mass production and
the assembly line are not ideal for risk management – despite what the
academics, certification programs and regulators seem to be thinking.
[1] https://twitter.com/rsdsolutions
Partner, RSD Solutions Inc/*
*/Follow us on Twitter/* [1]
The assembly line as we all know is great for mass production. The assembly
line is by far the most efficient method for churning completely fungible
parts out one after the other.
Risk however is not fungible. Risk is constantly changing in different ways
and is unique to each organization and to each context. Mass production and
the assembly line are not ideal for risk management – despite what the
academics, certification programs and regulators seem to be thinking.
[1] https://twitter.com/rsdsolutions
Tuesday, May 20, 2014
Stop Stealing Dreams Part 1
*/By Rick Nason, PhD, CFA
Partner, RSD Solutions Inc/*
*/Follow us on Twitter/* [1]
Once again, Seth Godin has provided the inspiration for a series of blogs.
I am referring to one of his recent e-books called Stop Stealing Dreams:
What is School For? The free e-book is available on his website,
http://sethgodin.typepad.com/files/stop-stealing-dreams6print.pdf [2] .
This e-book is a fascinating examination of schooling, something that I am
very interested in as a University Professor. However it also has a lot of
relevant points that are easily translatable to risk management. After all,
I believe that being a good risk manager requires one to be a knowledgeable,
creative and a good learner – all characteristics that one develops in
school.
In this e-book, which is written more like a series of blogs, Godin attacks
the school system on many accounts; the main one being its cookie cutter
approach to learning.
In risk management I think there are parallels in that we are starting to
treat risk management as well with a cookie cutter approach. Global
regulations, risk frameworks, and a focus on objective risk measurements are
all characteristics of cookie cutter thinking. However, just as cookie
cutter thinking produces middling results in schooling, I put forward that it
also produces middling results in risk management. Godin, like Ken Robinson
(his most watched Ted talk is here
http://www.ted.com/talks/ken_robinson_says_schools_kill_creativity [3] )
believes that a standardized approach to learning is suboptimal. I believe
a standardized approach to risk management is also sub-optimal.
In the next few blogs, I will be taking points from Godin's school
manifesto and applying them to risk management. I may not want to, or be
able to steal dreams, but I can and I will borrow ideas.
[1] https://twitter.com/rsdsolutions
[2] http://sethgodin.typepad.com/files/stop-stealing-dreams6print.pdf
[3] http://www.ted.com/talks/ken_robinson_says_schools_kill_creativity
Partner, RSD Solutions Inc/*
*/Follow us on Twitter/* [1]
Once again, Seth Godin has provided the inspiration for a series of blogs.
I am referring to one of his recent e-books called Stop Stealing Dreams:
What is School For? The free e-book is available on his website,
http://sethgodin.typepad.com/files/stop-stealing-dreams6print.pdf [2] .
This e-book is a fascinating examination of schooling, something that I am
very interested in as a University Professor. However it also has a lot of
relevant points that are easily translatable to risk management. After all,
I believe that being a good risk manager requires one to be a knowledgeable,
creative and a good learner – all characteristics that one develops in
school.
In this e-book, which is written more like a series of blogs, Godin attacks
the school system on many accounts; the main one being its cookie cutter
approach to learning.
In risk management I think there are parallels in that we are starting to
treat risk management as well with a cookie cutter approach. Global
regulations, risk frameworks, and a focus on objective risk measurements are
all characteristics of cookie cutter thinking. However, just as cookie
cutter thinking produces middling results in schooling, I put forward that it
also produces middling results in risk management. Godin, like Ken Robinson
(his most watched Ted talk is here
http://www.ted.com/talks/ken_robinson_says_schools_kill_creativity [3] )
believes that a standardized approach to learning is suboptimal. I believe
a standardized approach to risk management is also sub-optimal.
In the next few blogs, I will be taking points from Godin's school
manifesto and applying them to risk management. I may not want to, or be
able to steal dreams, but I can and I will borrow ideas.
[1] https://twitter.com/rsdsolutions
[2] http://sethgodin.typepad.com/files/stop-stealing-dreams6print.pdf
[3] http://www.ted.com/talks/ken_robinson_says_schools_kill_creativity
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