ERM is a journey

first_imgLet’s imagine for a moment that you’ve been asked to lead a group of settlers. Your team will be traveling through uncharted territory and will begin in Fresno, Calif., and head east. The goal is to reach Santa Fe, N.M., where the group plans to build a home. There has never been a group attempt to reach Santa Fe from the west. What should you do at this point? You could:accept the risk and begin the journey without knowing what lies ahead;mitigate the risk by sending a scout team ahead to inform you of any obstacles;transfer the risk by contracting experienced guides to help lead the group; oravoid the risk and refuse to lead the group.In this case, let’s assume you’ve decided to accept the leadership role and forge ahead and mitigate the risk. A scout team is moving ahead of the group. Runners are relaying messages back to the group leader. The group has been traveling for several days through the desert and conditions are beginning to improve. The group is anxious to hear what the runners have to say. On this particular day a runner reports a huge canyon just a few days ahead. continue reading » 12SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img

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