Promoting and Developing the
Discipline of Operational Risk Management
Written by Administrator Friday, 09 April 2010 10:47
I’m sure many of you will be aware of the story of the man searching under a streetlight for his house keys and when asked by a stranger where he lost his keys he replied “On the other side of the road”. The stranger looked at the other side of the road which was in darkness and, puzzled, he asked the man why he was looking under the streetlight. The man replied “Because this is where the light is!”
There are too many examples in business of individuals and companies taking the easy route with risk management – doing the bare minimum and hoping they will scrape by, accepting what information they are given and not enquiring as to its efficacy.
Well another old and wise friend of mine (I’ve got a lot of them) once said:
“Not everything which counts can be counted and not everything that can be counted counts.”
His message is really that when looking at a situation which requires a decision, think about the information you have to hand and ask if it really meets your needs – or do you need more!
By the way, my friend’s name…………. Albert Einstein!