Welcome
From ancient times, we have our ways to deal with uncertainty. For example, we have the option to use established tools such as Insurance and Enterprise Risk Management. Isn't it interesting that even these tried-and-tested tools need to be updated to help us deal with AI, human behaviour, trust and the future of work?
My pet grouse is that Risk Management is still being misunderstood. It is not a policeman. It is not simply a collection of forms to complete. And it does not belong only to large corporations or Professional Risk Managers.
And in This New World of Solopreneurs and Nanopreneurs, Risk Management has never felt more personal and more in-line and more in-touch with our inner thoughts (we really have business acumen!).
I am Katherinne Kuan, the Founder of Victory Consulting & Services Pte. Ltd. Welcome here!
From my own experience with Feng Shui, which taught me to be in tune with energy and our surroundings, I also believe that OUR GUT FEEL HAS TO BE USED IN CONJUNCTION WITH RISK MANAGEMENT TECHNIQUES! What are your thoughts on this? Sometimes we feel a strong push to do something, yet we hesitate. So how to go on? By using a Risk Management tool! Such tools help us reconcile what we are feeling, look at what the information is telling us and consider our decision from different angles.
Risk Management gives us a structured way to look at uncertainty. We can choose the tools that make sense for the situation, but ultimately, the decision remains ours. We weigh our instincts against what the risk data shows us, consider how we interpret that information and remain aware of what is happening in the world around us.
It is about understanding our exposure, seeing the possibilities from different angles and deciding whether we are ready to take the next step.
The circumstances change. Our tools evolve. We do our utmost best to make better decisions, never mind that uncertainty remains.
Risk Management is a skill for everybody!