SBL
NOTICE: Special Offer!

Buy the Premium package NOW (incl. Online classroom + Revision course) and we will extend your subscription until 12th December 2020!

Syllabus D. Risk D2. Managing, Monitoring And Mitigating Risk

D2c. Embedded Risk

Embedded risk

It is important to embed awareness at all levels to reduce the costs of risk

In practical terms, embedding means introducing a taken-for-grantedness of risk awareness into the culture of an organisation

Culture, defined in Handy’s terms as ‘the way we do things round here’ underpins all risk management activity as it defines attitudes, actions and beliefs.

How?

  • Introduce risk controls into the process of work and the environment in which it takes place. 

    So that people assume such measures to be non-negotiable components of their work experience.

  • Risk management becomes unquestioned, taken for granted, built into the corporate mission and culture and may be used as part of the reward system.