Exploring Risk Management Mistakes

There are various approaches to managing risk. Taleb, Goldstein, and Spitznagel discuss six mistakes they believe executives make in risk management. Based on your reading of the Taleb, Goldstein, and Spitznagel article, discuss one of the risk management mistakes cited and provide an example of an organization that made this mistake as well as an organization that successfully avoided this same mistake.

RESOURCES:

Chapters 27 & 28

http://wafaa-sherif.com/new/ar/wp-content/uploads/2012/11/Enterprise%20Risk%20Management.pdf

-AND-

https://class.waldenu.edu/bbcswebdav/institution/USW1/201620_04/MS_ACCT/ACCT_6600_ACMG_6600_MMBA_6784/Week%208/Resources/Resources/embedded/country_risk_analysis_and_managing_crisis_tower_associates.pdf

-AND-

https://hbr.org/2009/10/the-six-mistakes-executives-make-in-risk-management