Few Risks which I see in Industry. Its NOT just in IT , Banking. Its applicable everywhere.
1. Risk of Complacency
2. Risk of Current Success
3. Risk of playing to NOT lose
4. Risk of being a just Banker
"If you stay in the safety of complacency without a notion as to what’s happening in the company or in your industry, your safety zone can become a danger zone overnight"
According to Sonia Wedrychowicz, Managing Director and Head of Technology Transformation at JPMorgan Chase
“If you are successful and comfortable – don’t allow yourself and your company to fall into the trap that it will last forever … that’s the best time to transform and change!”
According to the book, “Top Dog”, by Po Bronson and Ashley Merryman, “Competitive fire will never ignite, or be expressed, when our orientation is just to get through the day. Competitive fire will flourish when long-term goals are high, and when it’s accepted that risks and mistakes go hand-in-hand, and we are free to let ambition reign.”
From my perspective, I have seen that “bankers being bankers” tends to result in
- lower acceptance of change;
- an adherence to legacy policies, processes, and thought patterns;
- and the resultant risk of not being able to keep up with consumer demands.
1. Risk of Complacency
2. Risk of Current Success
3. Risk of playing to NOT lose
4. Risk of being a just Banker
"If you stay in the safety of complacency without a notion as to what’s happening in the company or in your industry, your safety zone can become a danger zone overnight"
According to Sonia Wedrychowicz, Managing Director and Head of Technology Transformation at JPMorgan Chase
“If you are successful and comfortable – don’t allow yourself and your company to fall into the trap that it will last forever … that’s the best time to transform and change!”
According to the book, “Top Dog”, by Po Bronson and Ashley Merryman, “Competitive fire will never ignite, or be expressed, when our orientation is just to get through the day. Competitive fire will flourish when long-term goals are high, and when it’s accepted that risks and mistakes go hand-in-hand, and we are free to let ambition reign.”
From my perspective, I have seen that “bankers being bankers” tends to result in
- lower acceptance of change;
- an adherence to legacy policies, processes, and thought patterns;
- and the resultant risk of not being able to keep up with consumer demands.
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