The Risk Within
First published:
ISBN: 978-1-78272-458-2
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Change management
Change management
Acknowledgements
Introduction
What is psychological safety and how does it impact organisations?
The seven principles of psychological safety in managing risk and uncertainty
Blending transparency, accountability and risk strategy
Empowering teams for effective risk management
Leveraging setbacks for informed risk management
Integrating adaptive and agile risk intelligence with psychological safety
Building a foundation of trust and oversight
Cultivating supportive environments
Organisational maturity assessment
Dealing with multicultural environments
Change management
Establishing the roadmap
Adapting the risk function
Conclusion
A personal ask
Appendix
References
Successful change and transformation requires a delicate balance between managing risks and fostering psychological safety. It’s about creating an environment where individuals feel supported, engaged, and empowered to drive the desired outcomes.
According to Heraclitus “Change is the only constant in life”. All the organisations I have worked for looked like permanent building sites. Change, and sometimes transformation, happened constantly and impacted all levels of the organisation. Change impacts both psychological safety and risk management in the workplace, and it is essential for leaders to proactively manage these factors during times of change to maintain a positive and productive work environment.
Open communication, support, and opportunities for growth can help employees feel psychologically safe, promote risk awareness, and facilitate effective risk management efforts. Note that the type of change I am referring to here pertains to business and transformational change, which can include change initiatives arising from the implementation of the risk strategy. The issue is about creating a culture of psychological safety that encourages individuals to take calculated risks
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