There’s a common misconception that risk management is all about minimizing risk. That’s why some folks call their risk management teams, “The Department of No.” But the real focus of risk management is taking the right risks at the right time. To do that successfully, you need much more than a single risk-focused office or individual. You need a strong risk culture with risk management capabilities embedded across the enterprise.
In this article, you will learn about risk management: why it matters, the factors that prevent and enable it, and how organizations successfully lead and leverage it.