untitled design (1)

Learn Italian online

Risky business

Blimey, that’s a heavy topic.  Yes, it is.  I end up having to research lots of heavy stuff in my job, but I rather like it; variety and all that.  Today, I’ve been looking at the subject of risk management which I shall abbreviate to RM from now on.

What exactly is risk management?  Sounds like a stupid question, I mean, it’s self-explanatory, isn’t it?  Well, not exactly.  In actual fact, RM deals with anticipating problems and having some strategy in place  to deal with said problems if and when they occur.  Seeing as management always seems to be rather reactive, the concept behind RM sounds like a damn good idea.  Although, thinking about it, in very simple terms RM should really be called GM – no, not General Motors, but Good Management.  I mean, managing things is all about learning from past mistakes, keeping things on track in the present and planning for the future.  Anything that can happen in the future could be deemed a risk in itself in view of the fact that the future is, well, rather unpredictable, unless you happen to be able to read spherical spheres of glass, that is.  I can’t, alas.  Thus you could go on to say that RM is the art of planning for the future, back to the GM thing, really.

think in italian logo dark bg 1

Stop reading, start speaking

Stop translating in your head and start speaking Italian for real with the only audio course that prompt you to speak.

You can pay consultants good money for advice on RM strategy, but why is this?  Are modern managers so tied up with the present that they are unable to think about the future?  Or is it just that modern managers are incapable of planning for the future?  (Yes, I know it is not easy)
In the old days, normal people used to say ‘saving for a rainy day’, now we should refer to  having an (‘an’ seems to sit better here) RM strategy.  We should all have one, and to an extent we do – pensions, insurance (pensions are really insurance policies) and popping a few pennies in a savings account are all RM strategies.  This means we are all risk managers.  You have to be, or else you may find yourself up to your eyes in doggy do.  Look at Enron, Parmalat et al.

Risk is, oddly enough, risky.  Of course there are different degrees of risk, ask any actuary, but I won’t go into them, ‘coz I’m still reading up on the subject and thinking how I can build it into a course.

End of thought.

Most Popular

Bullying Ikea

Ikea, the Swedish low cost furniture maker and seller, has been present in Italy since 1989.  Currently, Ikea

Will the Sun Set on La Dolce Vita?

Saving Italy

The combination of Italy’s flagging economy combined with the inactivity of the Berlusconi government in recent years had

A winning streak

According to many nice men with African sounding names who represent various well know companies and lotteries, I


Related Posts

Out of hospital

Our little one has returned home – he came out last week after having spent two weeks being filled with antibiotics and various other cures.

Business Revolts Against the Mafia in Palermo

Don’t pay the pizzo man’ is the message being sent out to businesses down in sunny Sicily.

First medium sized and large businesses started to refuse to pay the Sicilian mafia’s informal business tax, know as the ‘pizzo’. Now it seems, others are jumping on the bandwagon.

Just Plain Weird

I caught myself at it today, and I realised that I always do it. I live in Italy. I work in Italy. I speak to

9mm Milan

Up to now I thought it was only American home owners who kept guns to repel invaders.
Well, here in Milan more than a few people are packing pistols, as an interesting article in Milan’s freebie newspaper DNews mentioned yesterday.