Description

Today’s Guest

Stephen Sidebottom is the Board Chair at the Institute of Risk Management, a non-executive director, consultant, and global HR leader.

Stephen joins us today to discuss the trends in risk, how these have changed over recent years and the multifaceted nature that risk has.

We also discuss how attitudes towards risk and organisational values have shifted and what’s caused this change in our perceptions.

LinkedIn: https://www.linkedin.com/in/stephensidebottom/?originalSubdomain=uk

You’ll learn

• The reframing of how organisations view risk and goals
• The multifaceted nature of risk and the two sides of risk management.
• The role of risk management in Equity, Diversity and Inclusion strategies.
• Consumer behavioural changes caused by social media.
• The shift in the way we develop our skills and progress our careers.
• The importance of being intentional in your skill development.

Resources

• Institute of Risk Management

In this episode, we talk about:

[01:38] How Stephen found his passion for organisational change, risk and HR.

[04:10] Sustainable performance and the two sides of risk management.

[05:40] The reframing of what we think of as ‘success’ and the new expectations there are for organisations.

[08:09] The role of risk management in Equity, Diversity and Inclusion strategies.

[08:48] What the Institute of Risk Management (IRM) does.

[11:14] How Stephen’s definition of Risk has changed since working at the IRM.

[13:30] The multi-faceted nature of risk.

[16:33] The change in how organisations view risks and goals.

[18:50] The challenges social media brings and how it’s changed people and organisations values.

[21:48] What influences organisational values and the megatrends the pandemic has sped up.

[24:54] How working from anywhere has challenged some business models.

[26:20] The rise in importance for organisations to have a strong value proposition for their employees.

[27:54] The shift in the type of skills that will be required to be successful in the future.

[29:00] How to get involved with the Institute of Risk Management.

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Quotables

• 05:40 - “For most organisations, future success is not about doing the same thing that they’re doing now, it’s not about retreating to a comfort zone, it has to be stepping into areas unknown.”
• 21:49 - “Changes in behaviour in societies lead to changes in value frameworks in societies lead to changes in the requirements of organisations, and organisations that are not alert to that have real downside risk.”

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