Risk - Burden or Opportunity - Part 105 Feb
2019 Tagged as
Posted by Evolve College News
Making the most of what's in front of us
All organisations face risk. This is part of doing business and we need to be aware of the risks we face and take action to ameliorate or eliminate risk as may be possible in the situation.
However, it is the way we approach risk that is most important.
When you or your organisation think about all the things you need to comply with, whether that be regulatory requirements or specific legislative requirements pertaining to your industry, do you take a back foot approach which sees you scrambling to stay on top of it all, hoping the regulator doesn’t just turn up because your records aren’t quite in order, and generally wrapping yourself up into a mess? There is no need to be embarrassed – this is actually very common.
But it most certainly does not have to be that way.
What if the risks or regulatory requirements in your organisation, can actually be an opportunity to set new standards for your organisation, confirm what it is you stand for as a business, and slot your regulatory requirements into that set of standards – rather than the other way around.
In other words, you can be led by what is important to you and your business, rather than scrambling to keep up with external requirements. Believe it or not, this is actually very simple.
Next week, in part 2 of this series, we will look at how this is done.
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