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Risk management: mindfulness and clumsy solutions

Managing risk is not easy. Today, managers in all functions are being asked to pay more attention to the challenges of uncertainty. Our report, Risk management: mindfulness and clumsy solutions, will help with those challenges.

 

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Download the full report "Risk management: mindfulness and clumsy solutions".

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The report draws on the deep risk knowledge of authors, Professor Philip Linsley and Dr Beth Kewell and interviews with ICAEW members at the sharp end of risk management.

 

Both thought provoking and practical, the report’s key advice includes:

  • Developing clumsy solutions to the wicked problem of risk – clumsy solutions are necessary in order to accommodate the diverse attitudes to risk present in any organisation.
  • Leading on risk by creating risk groups that facilitate productive, diverse and mindful conversations about risk across the organisation.
  • Ensuring risk management becomes part of the business rhythm of an organisation rather than an add-on process.

What approaches to risk management have you found most useful in your organisation? Does the idea of clumsy solutions resonate with you?

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Further reading

This report is published by the Business and Management Faculty. You can read more articles of interest by joining the faculty at icaew.com/bamjoin