It is important to recognize that business management is fundamentally based on risk management. Risks are an integral part of every business process and every activity aimed at achieving organizational goals. The point is not for employees to be mechanically trained to perform tasks step by step; every check, review, control, or exchange of opinions inherently implies the question of risk.
Awareness of risks must be present at all levels of business. The issue is not only about salary, bonuses, or career advancement, but about the broader context: what our risk-based work means for the company, its customers, and society. This is especially relevant for systemically important companies, as it raises the question of corporate governance-what purpose it serves and what outcomes it should produce.
Naturally, people do not like control, especially when it identifies weaknesses that may lead to negative consequences. For the average employee, this is a real challenge. That is why risk-based thinking must become a standard of business ethics. Only in this way can we create added value for end users and the business environment. In this sense, the principle of double materiality gains its full significance.
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Bojan Radoš
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Original Message:
Sent: 11-30-2025 04:57 PM
From: Frank Higley-Sanchez
Subject: Integrating Risk-Based Thinking: It's Not Just for Quality Anymore
I recently had a conversation that highlighted a persistent misconception: the belief that Risk-Based Thinking belongs exclusively to Quality, Engineering, or Compliance teams.
When I spoke with a brilliant Marketing and Graphic Design colleague, her initial response was simple: "I'm not part of the quality team; I just handle the marketing."
It was a perfect opportunity to show her she already practices Risk Based Thinking every single day.
I simply asked: "Do you analyze the data you're going to post and the potential negative impact it might have? Do you check the color codes on your design to ensure correct branding and print quality?"
Her answer, of course, was a Yes. Well, that "Yes" is the very definition of risk-based thinking!
Risk Based Thinking isn't about memorizing ISO 9001 clause numbers or writing complex FMEA reports. It's about anticipating, prioritizing, and mitigating potential problems before they happen. We just need to ask ourselves What if... How bad could it be?... How do I prevent it?...
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Frank
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