Managing Risks: the Why, the What and a novel way of the How
Every organization has objectives and works to achieve them. Risks are events that can prevent organizations from reaching these objectives, whilst opportunities are the opposite, they can help to surpass objectives. In this article we focus on the former. Risks are inherent to reality; no progress can be made without incurring risks. However, we should not be blind to them; there are many examples of organizational failure as a result of mismanaging risk. That is why we need to become good risk managers; in the remainder of this article we share our thoughts on a novel and pragmatic way to do so.