Jul 12, 2021
Can You Risk Not Knowing About Risk?
Walking outside alone in the night playing Pokemon Go; having a round of Monopoly with your friends; trying the spiciest Korean instant noodles; all three might seem unrelated at first sight, but share a common trait amongst each activity – each entails a certain degree of risk.
Staying out alone makes you an easy target for those with criminal intentions; board game politics has the potential to create petty arguments between the best of buddies; the intensity of spiciness could give you severe bowel issues. What differs is the severity of risk involved in each situation, ranging from life-threatening to temporary tussles.
Similarly, change management projects incur unavoidable risks as well, since change involves (but is not limited to) financial, social, logistical, and managerial aspects of an organisation. Organisational leaders should be well-equipped with skills in identifying and managing these risks, as they are an imperative aspect for successful and sustainable change.
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