Any risk management program will not work in organizations that do not have a condusive culture. This requires giving very clear signal to people that to perpetually reinvent and grow they need to be proactive and informed risk taker. Knowing the ways to deal with risk will, probably, be fundamental to the transition of budding enterprises into the league of risk intelligent enterprises of the future.

What happens to businesses that grow at jet speed? Many believe that such enterprises can make mission critical decisions swiftly and exploit opportunities more quickly! The debatable issue is how many of them have developed capabilities to make swift yet right decisions to survive and thrive in the long run. Putting it differently, do they have in-built systems in place to show them the way to demarcate "swift-decision-making" from "rash-decision-making". Remember the slogan: "Speed Thrills But Kills".

You might be puzzled as to why the word K in the slogan is bold and underlined? Let me solve the mystery. The word K, in the context of young fast-growing enterprises stands for "Knowledge Creation". Perhaps, today's successful young fast-growing enterprises are still wandering to redefine and rephrase this slogan to read as: "Speed Thrills But Knowledge Creation Kills all Ills / Impediments", on their march towards business growth and value generation.

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