Banking regulators recognize ‘Strategic Risk’ as a real risk, but shy away from defining it and setting standards to manage it.
Where does Strategic Risk fit in the risk universe? And why are regulators so frightened of it?
Tag: Decision-making
Decisions – Best or Second Best?
A recent article in the Wall Street Journal (WSJ) was headlined “How You Make Decisions Says a Lot about How Happy You Are”. The journalist then asked the question, “Are you a ‘Maximizer’ or a ‘Satisficer’”? She then reported that ‘Satisficers’ are happier.
But what does this mean for business decision-making, if anything?
People Risk Management 