You want to know where the strategically important topics and risks are hidden in your company? Let me suggest hypotheses and ask critical questions…
People with responsibility trip up. Also over their own feet.
Daily life in a position of responsibility is complex, challenging. Many things have an impact on each other. Important decisions are often made based on uncertain facts. The increase in statutory requirements plays its part, too. Not to mention the critical success factor “Human Being and Ability to Act”.
At the centre of every challenging constellation are people with their sensitivities and their own agendas – regardless of the hierarchy level.
Not all, but very many risks can be assessed… provided they are recognised. Do you, in your area of responsibility, have enough clarity about your strategic risk in the areas of Fraud and Crisis and Reputation Management?
When preventative measures are seen as annoying and are too often ignored, it comes back to get you (when budgeting and therefore during implementation). I see that again and again when I’m called to clients who are in the middle of a crisis – in the proverbial worst case scenario.
Practice confirms that there were plenty of early-warning indicators (Red Flags) , and in retrospect everyone saw it coming. But then why didn’t they articulate their doubts and warnings? Often it’s due to a lack of courage, or company culture makes doubters remain silent.
Conclusion: The lack of trust – internal and external – is huge and hits those responsible and their companies hardest. These days, few companies can afford an enforcement. And you?