Learn about Enterprise Risk Management from the Best Mentors - Growth Freaks

Learn about Enterprise Risk Management from the Best Mentors

enterprise risk management chart

Enterprise risk management is a type is a strategic business discipline based on assessing the possible risks related to your company. Here are quotes about enterprise risk management which are sure to get you through your day at the office.

Enterprise Risk Management Quotes

1. Business people need to understand the psychology of risk more than the mathematics of risk. – Paul Gibbons, The Science of Successful Organizational Change: How Leaders Set Strategy, Change Behavior, and Create an Agile Culture

2. You live in a grim universe. That’s risk management for you. – Max Gladstone, Two Serpents Rise

3. Opportunity and risk come in pairs. – Bangambiki Habyarimana, The Great Pearl of Wisdom

4. Total enterprise risk management is critical, but implementing it is both expensive and easier said than done. Even the most sophisticated financial institutions are still basically silo risk managers. – Danny Klinefelter

5. The major difference between a thing that might go wrong and a thing that cannot possibly go wrong is that when a thing that cannot possibly go wrong goes wrong it usually turns out to be impossible to get at or repair. – Douglas Adams

6. The only virtue of being an aging risk manager is that you have a larger collection of your own mistakes that you know not to repeat. – Donald van Deventer

7. If you look up the synonyms for the word ‘risk’ you will likely receive results such as: danger, hazard, threat, peril, and gamble. So, why do people, companies, governments, and countries expose themselves to risk? The answer is simple: without risk there is no reward. Being that risk is an inevitable part of life, it is of great importance to mitigate the exposure. Notice how I said mitigate vs. eliminate. The reason behind this is that if we eliminate all risk, we essentially eliminate all return. Proper risk management ensures that financial institutions create a roadmap to achieve strategic goals. It allows companies to seize opportunities and to mitigate adversity. – Kseniya Kate Strachnyi

8. To be a leader in this new economy, you have to love risk – which means patterning your life on the heroic, not on the strategic. Acting boldly is better than acting knowingly. – Harriet Rubin

9. Risk is what an entrepreneur eats for breakfast. It’s what she slips into bed with at night. If you have no appetite for this stuff, or no ability to digest it, then get out of the game right now. – Heather Robinson

10. You want a valve that doesn’t leak and you try everything possible to develop one. But the real world provides you with a leaky valve. You have to determine how much leakiness you can tolerate. – Arthur Rudolph

11. Good enterprise risk management fosters vigilance in times of calm and instils discipline in time of crisis. – Dr. Michael Ong

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Author: Amanda Knowles