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 In this complex world, business is often done at sub-optimal levels. Complexity inevitably leads to risks and when these risks are realised as problems they will cost you time, money, reputation, future business and maybe even your job.
Mountaineers know how to manage risk. They don't climb beyond their abilities without taking all the necessary safety measures – like a rope for example. So why do businesses often try to undertake new ventures, using new technology, on a scale never attempted before – without a rope?
Risk is inherent in every venture but it is inevitably high when you are pushing the limits. Risk is also entrepreneurial. If you don’t take enough risks in business you will not reap the rewards. However, if you do not manage those same risks effectively, the rewards will not materialise. Success comes through de-risking your ventures in a pro-active, ongoing way.
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