By Rick Nason, PhD, CFA
Partner, RSD Solutions Inc.
Partner, RSD Solutions Inc.
Are people numbers? You might be insulted by the question. If I think of you as just a number, then the
implication is that I don’t care about you, or that I am treating you as just a
generic blob. Companies go to great
lengths in their advertising to ensure us (their customers) that we are not
being treated as a number. I think we
can all agree that people are so much more than just mere numbers and as such
they cannot be reduced to a number.
Changing gears a bit, how much
of your risk management is based on numbers?
Put another way, how well would your risk management system function
without numbers? I suspect hat risk
management at your firm would cease to exist in its current form if it had to
operate without numbers.
Let’s
shift gears a little bit more. The vast
majority of risks are caused by people being people. Anyone else see an issue here? Risk is caused by people but managed by
numbers which are not a good representation of people. Hmmmm.
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