Why organisations should focus on process risks
The weakness of a risk matrix is that it is based on a static picture of a specific problem.
Håkan Jankensgård is Associate Professor at Lund University School of Economics in Sweden and holds a PhD in risk management. He is keenly interested in developing a practical approach to Enterprise Risk Management (ERM). We had an opportunity to ask Håkan a few key questions to sound out his approach to ERM.
Det er en fare innen risikostyring at vi er så fokusert på enkeltrisikoer og forvaltning av disse at vi glemmer å se på dem i en større sammenheng. Sammenheng betyr ikke bare å se skogen som en helhet, men også å forstå at skogen lever og vokser i sitt eget mikro- og makroklima. Vi må forstå hele konteksten.
A quick google search of “Black Swan” “Corona” reveals numerous articles have already been written equating the effects of the Coronavirus with a Black Swan. Is this a fair comparison? A “Black Swan” is an event which is both random and unpredictable. A key definition is that the event was unthought of, unimaginable beforehand. Was it? Most definitely not. It was a “Grey Rhino.”