Developing the right mindset as a CRO
In risk workshops, the CRO’s focus should not be on why a new project cannot be done or why the company cannot roll something out. Instead of “No, this is not possible,” the CRO’s mindset should be ”Yes, let’s try to find options that can help achieve the goal.” There should be a greater focus on defining the value proposition of a new project with the CEO, instead of focusing just on the risk management processes.
In building your risk management capability, always start with the objective. This crucial leadership principle requires proper training. When your executives are well informed of your corporate goals, combined with a structured way of considering risks, they are empowered to make informed decisions.
The CRO’s job is not to help everyone avoid every potential risk threat. Their job is to build a structured approach into the decision-making process that complements the business...
