{"id":214,"date":"2009-12-30T11:56:14","date_gmt":"2009-12-30T19:56:14","guid":{"rendered":"tag:google.com,2005:reader\/item\/26912452361a9281"},"modified":"2009-12-30T11:56:14","modified_gmt":"2009-12-30T19:56:14","slug":"six-mistakes-executives-make-in-risk-management-compliance-building","status":"publish","type":"post","link":"https:\/\/www.blackswanreport.com\/blog\/2009\/12\/six-mistakes-executives-make-in-risk-management-compliance-building\/","title":{"rendered":"Six Mistakes Executives Make in Risk Management | Compliance Building"},"content":{"rendered":"<blockquote><p>Shared by  JohnH<br \/>\n<br \/>\nTidy summary of October 2009 HBR article.<\/p><\/blockquote>\n<p>Nassim N. Taleb, Daniel G. Goldstein, and Mark W. Spitznagel discuss risk management and short comings in approaches in the <a href=\"http:\/\/hbr.org\/archive-toc\/BR0910\">October 2009 issue of the Harvard Business Review<\/a> (<em>subscription required<\/em>).<\/p>\n<p>They offer up six mistakes in the way we think about risk:<\/p>\n<p style=\"padding-left:30px\">1.\u00a0 We think we can manage risk by predicting extreme events.<br \/>2.\u00a0 We are convinced that studying the past will help us manage risk.<br \/>3.\u00a0 We don\u2019t listen to advice about what we shouldn\u2019t do.<br \/>4.\u00a0 We assume that risk can be measured by standard deviation.<br \/>5.\u00a0 We don\u2019t appreciate that what\u2019s mathematically equivalent isn\u2019t psychologically so.<br \/>6.\u00a0 We are taught that efficiency and maximizing shareholder value don\u2019t tolerate redundancy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shared by  JohnH <\/p>\n<p>Tidy summary of October 2009 HBR article.<br \/>\nNassim N. Taleb, Daniel G. Goldstein, and Mark W. Spitznagel discuss risk management and short comings in approaches in the October 2009 issue of the Harvard Business Review (subscription req&#8230;<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-214","post","type-post","status-publish","format-standard","hentry","category-feeds"],"_links":{"self":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/comments?post=214"}],"version-history":[{"count":0,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/214\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/media?parent=214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/categories?post=214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/tags?post=214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}