RISK QUOTE: It’s gonna be a long hard drag, but we’ll make it.
—JANIS JOPLIN, SINGER AND SONGWRITER.
RISK QUOTE: The superior man makes the difficulty to be overcome his first interest; success only comes later.
—CONFUCIUS, CHINESE PHILOSOPHER
Organizational Life Cycle
A reality is that lines of business start up, grow to maturity, and, in many cases, enter a period of stagnation or decline. The challenge for a central risk function is to understand life cycle risk and identify the stage of the life cycle for different units. The stages are:
Start-Up. The birth of a unit. It occurs when a company invests money in a ...