Does your Risk Management Program have a Personality?
Many people are familiar with the Myers-Briggs Personality Type Indicator. It is widely used by businesses. What a shocker to read in the Washington Post last week that psychologists are not particularly fond of it.
The Myers-Briggs Personality types were developed directly from the work of Carl Jung, who is not highly regarded by modern psychologists according to the Washington Post story.
Psychologists have their own personality types. The chart below is from The Personal Growth Library, and is called the Five Factor Model.
You may be able to find options here that would allign with your ERM program.
Stability – You may seek Resilience, and settle for Responsiveness.
Originality – You may want to be an Explorer, but much more likely, your ERM program is a Preserver.
Accommodation – Your goal is to be a Challenger, you end up a Negotiator.
Consolidation – You should be able to achieve a Focused ERM program, but pressures of business and the never ending crises force you to be Flexible much too often.
That seems to provide some valuable introspection.
Next you need to look at the overall enterprise personality. Many successful companies will have a personality that is very different from the choices that you want to steer towards as the risk manager for your program. You should check it out and see.
If there is an actual allignment between your overall organization’s personality and the personality that you aspire to for your ERM program, then you will be running downhill to get that development accomplished.
What does that mean when the personality that you want for your ERM program is almost totally different from the personality of your organization? It means that you will be pulled constantly towards the corporate personallity and away from what you believe to be the most effective ERM personality. You then have to choose whether to run your ERM program as a bunch of outsiders. You then will need to form a tight knit support group for your outsiders. And make sure that you watch the movie Seven Samuri or The Magnificant Seven.
Or you can rethink the idea you have of ERM. Think of a version of ERM that will fit with the personality of your company. Take a look at The Fabric of ERM for some ideas. Along with the rest of the Plural Rationality materials.