Is Risk Management a Passing Fad?
It has been argued that risk management is at a stage in its life cycle where it could begin to deliver real benefits - or it could disappear without trace like so many of the fads that have come and gone before it. Business leaders are concerned about a growing legislative push, yet despair at the resources and effort needed to comply, let alone generate tangible benefits. They see a heavy focus on documentation, audit trails and other devices - aimed at avoiding possible future losses rather than capitalising on the advantages of the present. Can this be avoided? Should risk management be allowed to go the way of the fads? Or are there opportunities to beat the competition and gain some real advantage?...
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