Risk Tips 014: On Improvement

  “One basic approach–offered here by way of illustration only–is to ask the question: what relatively minor changes in product, technology, process, market, and so on, would significantly improve or alter the economic characteristics and results of...

Risk Tips 013: On Planning

  “There are five key scenarios for locating a strategic position.  Look for: A point where, if you can win against your competition at that position, you will win everywhere. Such positions have been called ‘centers of gravity.’ A point that has significant...

Risk Tips 012: On the Risk Cycle

“First, see clearly. Next, act correctly. Finally, endure and accept the world as it is.” Ryan Holiday, The Obstacle Is the Way (2014), at 178. As Ryan Holiday’s description shows, the stoic philosophers had almost the entire risk management cycle accurately...

Risk Tips 011: On Risk Identification

“What matters is that right now is right now.” Ryan Holiday, The Obstacle Is the Way (2014), at 47. Risk management is the practice of being radically honest about the threats and opportunities you face. If you want to improve your organization, you have to first face...