Leadership responsibility #3 – Operational risk management

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Operations risks are potential risks from breakdowns in routine operational processes, people and systems that are controllable and can be avoided. To be competent goal executors, Leader should consider gaining better understanding of their internal operational risk profiles. Effective management of operational risks will aid better decision making and encourage more informed risk taking. Leaders should build their own internal risk culture where operational risks are openly discussed and individuals in the team are encouraged to…

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