The Art of Strategic ERM™

Yes, We Have That in your Size

Posted by John Drew on

Let’s talk about shoes for a minute.

I know some folks – gals AND guys that have a closet full of shoes.

But those that know me, know that, well… I keep it pretty simple.

So why is a risk advisor writing about shoes?

Well, a colleague and I got into a discussion about how mature risk management is definitely not a one-size-fits-all methodology.

He said it was like shoes.

It makes sense, but I had to stop and think about it.

Shoes, like mature risk management, for the most part, have basic constructs to them. A solid sole, arch support, lateral support, protection from the elements, etc.

But even those things are highly-customizable. A running shoe has a very different arch support than say a hiking boot. A cowboy boot is going to have different reinforcements built into the toe and heel. A basketball player is going to want some good ankle support.

But I was only thinking about the word “size”. And yes it has to fit (blisters can slow down all of us).

So think about the runner with feather-weight high-tech materials meant to propel him far and fast. Or the rancher who now has no fear about stubbing his toe on a cactus.

It all adds up to freedom. 

Makes sense. When I get my weekend started and I want to mitigate risk according to my EXACT goals and risk appetite, my old work boots do the job just fine.

Credit Risk ECRM ERM Freedom May 2018 Risk Risk Management

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