Getting started with a blog can be exciting and nerve racking for some; just like learning to drive. You really want to get started, you really want to do it, but once you are behind the wheel, you start worry about everything. You want to do everything right, but there are so many unknowns. What if… How do I… Umm…
Risk management is an important topic for many organizations, especially those in financial services. Most of these organizations acquire risk one customer, one transaction at a time – this customer is not going to be able to pay (risk), this transaction is fraudulent (risk), this deal will not make money in the prevailing economic circumstances (risk). Many of these same organizations, however, have a portfolio focus in their risk management program – they use BI and reporting tools to summarize and assess their overall risk profile. They consider their total risk and invest their analytic dollars at this level. This is a mistake.
HOPE is perhaps the single most lucrative thing to sell.
There are so many people in need of direction, while so few actually want to do the work required to achieve the end goal. Thus many scammers sell the end result up front while glossing over the hard work required to get there.