On Risk

by Thomas Heng

Risk is inherent in today's world. Some may believe that in an increasingly risky world, it would be best not to do anything at all and watch the world go by or sort itself out, that it is better to wait till it's 'safe' again. Nothing could be further from the truth.

While it may seem that the world has become a lot more dangerous today than ever before (by the way I would disagree with that, though it will probably best be left to another post!), the opportunity for ordinary people to become all that they can be is also greater than ever. Having said that, it would be prudent to examine the nature of risk before plunging headlong into a venture based on a nebulous concept of reward. For to undertake any meaningful enterprise without clarity as regards its potential risks and rewards is, well, very risky indeed.

It is essential to distinguish between the risks that are external to oneself, and those that are created within. Risks that are solely external to oneself are few and far between; most of the time such risks occur suddenly without forewarning, and can at best be managed only after the event. However, it is precisely the management of risk that can and should be the premise of the individual, that is, risk management is wholly internal in nature.

This insight provides comfort for those of us who feel that life is increasingly outside of our control, that business is becoming unsustainable, and that the future of our very existence lies in the hands of people (or other entities) whom we do not know, let alone understand. One of the keys is in our perception of risk and the occurrence of unexpected events. How one handles major global events is not identical to how another deals with them. Which means that we have the power of choice to determine the precise meaning of each event that 'happens' to us.

A strategic approach to life and business that incorporates the principle of risk management does not mean that we start treating the people in our lives as chess pieces. Rather, it means that we are acutely sensitive to the environment around us, and that we pay particular attention to how, on an individual level, affect others around us, and ponder upon our words, thoughts, and actions as we release them from our inner being.