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Gauging Progress and Success

In: Risk Culture

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  • Erik Banks

Abstract

In the previous two chapters we described some of the structural and behavioral changes a firm can implement in order to build or strengthen its risk culture. The next issue we need to consider relates to progress and success — specifically, how a firm knows it is moving in the right direction in achieving its goal of creating a risk culture that spreads throughout the organization. Accordingly, in this chapter we shall consider how a company can gauge its progress and success, focusing on time frame, short- versus medium-term actions and metrics of success. We shall also introduce a link between the imperatives of Chapters 6 and 7 and the diagnostic test from Chapter 2: as a company begins to implement the imperatives, it can retest itself via the diagnostic framework to determine its progress.

Suggested Citation

  • Erik Banks, 2012. "Gauging Progress and Success," Palgrave Macmillan Books, in: Risk Culture, chapter 8, pages 142-157, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-26372-8_8
    DOI: 10.1057/9781137263728_8
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