Empowering teams for effective risk management

Julien Haye

Psychological safety empowers individuals to speak up, revealing the unseen risks and fostering a culture of resilience.

IDEO is a leading design and innovation consulting organisation. For them, risk management underpins a holistic approach that intertwines risk identification and assessment with a culture that champions creative exploration. Their ethos is one of empathy, collaboration and relentless iteration. When tasked with conceiving a ground-breaking product, the creative teams delve deep into the needs and desires of the end-user. Through an iterative process of prototyping and testing, resembling a failing fast approach, they embrace the ups and downs of creative exploration. This approach has yielded transformative results, from revolutionising healthcare devices to redefining consumer experiences. It vividly demonstrates that risk, when approached with intent and a creative lens, can be a catalyst for clever innovation.

IDEO’s methodology underlines a simple truth: effective risk management is a dynamic, creative endeavour. It demands not just careful assessment, but a cultural mindset that thrives on the prospect of unearthing unforeseen opportunities within risks and/or