Philosophy and Risk Management in the Corporate Sectors

Whether we own a business, or we work to earn a paycheck, we all advance when we think as if we’re the CEO of our life. And as a CEO, we can rely upon some basic tenets that include:

• Tenet 1: We’ve got to start by defining success. What are we trying to achieve?
• Tenet 2: We’ve got to document the strategy that will take us from where we are to where we want to go.
• Tenet 3: We’ve got to create tools, tactics, and resources that will help us succeed, to achieve that documented strategy.
• Tenet 4: We’ve got to execute our strategy every day, and we’ve got to measure our progress.

To use lessons from Sun Tzu, we advance prospects for success when we minimize risks, or exposure to the enemy. To use lessons from Socrates, we need to introspect constantly. When Socrates said, “the unexamined life is not worth living,” he advised that we all should make connections between the decisions we’re making today, with the potential risks and rewards that we’ll experience tomorrow.

We can lessen our risk levels, or our exposure to litigation and government investigations, when we understand the thinking patterns and motivations of regulators—or our opposition. Like Thomas Hobbes, government regulators believe that if we’ve come under their purview, we’re beasts by nature—out to deceive and defraud consumers, as we prioritize our self-interest. Regulators will define success with injunctions, fines, disgorgement, corporate shutdowns, and decimation of businesses.

To lessen risks of litigation and government investigations, our team at Compliance Mitigation helps people understand the various types of corporate fraud; people should have a clear understanding of the exposure that accompanies fraud. Through this lesson, people will learn why a personal investment in compliance and risk-mitigation goes a long way toward advancing prospects for success.