Why do we need risk management?

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Too often we do things without understanding why.

Look at the latest report from the Enterprise Risk Management Initiative at North Carolina State. Their 2018: The state of risk oversight is intended to provide “an overview of enterprise risk management practices”.

I will come back to that claim.

But first let’s consider why we need to consider risk.

Some time ago, Deloitte conducted a survey and asked board members and top management the right question:

Does risk management at your organization help you set and then execute on strategies?

Tell me whether you agree with these…

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