Insurance related ArticlesInsuring the 2010 world cup - looking back
Risk Health Check ArticlesSystem Business Benefits
Mini risk health check
Risk Therapy SeriesRisk Therapy 108
Risk Therapy 107
Risk Therapy 106
Risk Therapy 105
Risk Therapy 104
Risk Therapy 103
Risk Therapy 102
Risk Therapy 101
RISK THERAPY 101
Risk Therapy is a new concept, which adds to those of established Risk Management practices, rather than replacing any (also read Risk Management as internal / external change management).
Why consider it? Well Risk Management can be most charitably described as dry and costly, even though it was agreed as a sound business principle and encapsulated in the King III Commission Report published 26/3/2002. So it’s about as exciting as going to the dentist and, everyone has to go to make it work. Therein lies the initial stumbling block to effective implementation, nobody wants to go there, certainly not everyday!
Ironically, we practice Risk Management in our daily lives, although this is mostly informal and often unconscious. So what are the stumbling blocks to extend such formal practices to the work environment? I suspect this is due to a combination of the following factors:
So what can be done to address one of the most highly-ranked fears of business leaders? The answer, an internal choice followed by a commitment.
The choice is to consult with external professionals. Anyone will do, but remember, experience and attitude counts for a lot. As with any therapy, it requires consultation with a person or organisation external to the person or organisation seeking it, whether or not you believe you need to. So this could lead to a simple reality-check of systems, standards, penetration, attitudes and delivery, or as radical as the creation of a complete Risk Management system.
For it to work, commitment to this voyage of discovery has to be made, irrespective of the consequences. In other words, choose to heal yourself and follow it through to its natural destination.
Are you and your teams ready for this? We can help you with this fresh approach. For more information go to http://www.artrisk.co.za or call Paul on 083 708 3634.
This is the first in a series of articles. Further exploration of this new mindset will follow soon in Risk Therapy 102.
... “ART is an authorised Financial Services Provider”
Supplier of Risk Management services to the 2010 world cup South Africa
Paul Brightman - Alternative Risksmiths and Traders (Pty) Ltd. Short name - ART.
Cell : +2783 708 3634 Work : +2711 646 2777
11, Taylor Rd, Greenside, Johannesburg. Code: 2193.