“Seizing the opportunity”
“Everyone has a plan until they get punched in the face”
- Mike Tyson
This situation was not in any of our plans. No one asked for this, few expected it, and it is doing a great job at changing how we work! This is a unique chance to make future choices.
A strong positive Corporate culture and Risk culture are amongst the most critical levers for creating shareholder value and driving organisational performance and resilience, yet one that most companies fail to achieve or focus on.
How did our workplace culture help us (or hinder us) navigate this unprecedented situation we find ourselves in? Have we thought about our future strategy and risks and how we can ensure our organisation remains successful in a digital, ESG-focused and post-Covid future?
Many organisations are now focusing on resilience, but what does this actually mean? Investment in new technology, Risk management, business continuity and risk-based strategies can only get you so far. Without a positive culture to underpin it, it will be difficult to achieve the desired aspirations of the organisation, especially when we also know 80% of risks tend to come from human factors
What are the behavioural changes required to align our culture with our strategy? What is the gap between our current and desired culture? What are the desired behaviours and values that we expect from our leaders or that we are looking for when recruiting, in order an engaged, productive and motivated workforce who want to achieve the same objectives we do?
Can we “re design our workplace culture?
Up until now culture has been extremely difficult to measure and transform as the underlying drivers are invisible. We will discuss how it is now possible to measure culture through quantitative behaviour diagnostic and analytics linking behaviours to business outcomes, providing advanced predictive analytics and actionable insights that ensure we don’t deflect too many resources away from our core mission.
Alexander Larsen is Chair of the Institute of Risk Management (IRM) Energy Special Interest Group, holds a degree in Risk Management from Glasgow Caledonian University and is a Fellow of the IRM as well as an IRM Certified trainer. Alexander..