Why did the child not cross the road after the chicken?
As parents, we teach out children to be careful. We don’t want them to take unnecessary risks, such as chasing a chicken across a busy street. At the very least, we train then to look both ways and make sure nobody is coming before starting out – and then to continue looking all the way across.
We are teaching them to be effective managers of their personal risks.
We don’t sit down with them once a quarter and identify, assess, evaluate, and respond to risks. They have to exercise good judgment every day of their young lives.
The same concepts applies to adults in their professional as well as personal lives.
Every time a manager, employee, board director, or member of our extended enterprise makes a decision, they need to understand and manage the related risks. Managing risks is, just like with the child, part of their daily business life.
But, who will teach these people the lessons taught to the children – not to take unnecessary risks and look both ways as they make business decisions?
Why, who else but the risk practitioner! Yes, you can argue that every manager should help their employees make effective decisions. But, the risk practitioner has the training and experience to act as the parent: the mentor and trainer of management, board, and staff – and let’s not forget the extended family members.
Are the risk officers in your organization good parents?