Risk and Safety Culture Surveys. A Koganpage study determined that organisations with a risk aware culture is one that is more resilient to external influences and better able to adapt. The benefit of a strong risk culture derives from agile decisions making in terms of the risk and reward of different opportunities. Less unenforced errors arise from a risk, aware organisations are able to learn from previous events and mistakes and improve their processes in a timely manner.
What does this mean in practice for risk functions? It means a need to take a more holistic view of implementing risk management in their organisation. Creating or shaping a more risk aware culture is however potentially the greatest value a risk function can bring to the table in terms of preparing their organisation for the challenges of uncertain and fast-changing environments.
One way to assess and do this is through Risk Culture and Safety Culture Surveys, designed to analyse the view of employees on the company’s risk propensity.