|

What is your “LOTUS OF CONTROL”?

Can your lotus of control affect or influence your business decision-making capability?

Locus of control describes the degree to which individuals perceive that outcomes result from their own behaviors, or from forces that are external to themselves. This produces a continuum with external control at one end and internal control at the other


As the environment around your changes, you can either attribute success and failure to things you have control over, or to forces outside your influence…

https://www.mindtools.com/pages/article/newCDV_90.htm

Your thoughts?

Similar Posts

|

ESG Risk: It’s Real and Being Deployed, Managed and Regulated: Ask Canada!

ByKen Hackshaw

ESG is real:ESG is a system used to measure the sustainability of a company or investment in three specific categories: environmental, social, and governance As the below article describes, Canada, our North American neighbor (and former fellow commonwealth neighbor) has now mandated that banks and insurance companies report on climate risk exposures of their clients….

| | |

A New Variant Discovered: Maybe Leaders Should Be Looking at People’s Resilience Under Pressure

ByKen Hackshaw

If the one of the greatest risks to any organization is their people (decision makers/employee) risk, why then are we not putting more emphasis on mitigating that risk, especially given the new construct of employee engagement deployed because of and during the pandemic. Think: WFH, hybrid work hours, stress management etc.

| |

When Cyber Risk meets Third-party Risk

ByNatalya Lewis

“AT&T confirmed yesterday that the company experienced a massive data breach in which an unknown entity stole phone records from almost all of its nearly 110 million customers. The telecommunications giant discovered the breach in April and started an investigation. It found that the hacker accessed the data through an illegal download that targeted a third-party app called Snowflake,…

Risk Should Force Heightened Management Awareness, but does it?

ByNatalya Lewis

Hello folks, I am stating the obvious when I say that compliance and assurance are entirely different endeavors from Risk Management: Strategic risk assessments, as part of an effective ERM framework,  are critical to preempting risks and preventing unfortunate events from occurring in the first place. Organizations can proactively mitigate potential risks/threats by focusing on strategic risk and ensuring they achieve their corporate…

|

Risks in Your Mirror May Be Closer than You Think…

ByNatalya Lewis

You are familiar with the sign: “Objects in the mirror are closer than they appear,” which is the “warning sign” on your vehicle’s door mirrors.  Applying this warning to the risk management space, one can identify Examples of risks that are much closer to your organization (and you) than they may appear to be:  I would also like…

|

Note to Leaders: Lessons from Ukraine

ByKen Hackshaw

In early 2019 the World Economic Forum (WEF) in its annual Global Risk Report warned all of us that escalating divisions amongst our Major Nations meant that we were no longer collaborating on addressing the world’s most pressing threats. For this reason, the WEF warned that we were potentially “sleepwalking towards crisis”. However, a global pandemic…