“Chance favors the prepared mind.”
The Risk Intelligent Enterprise consists of risk intelligent staff that must be able to give the best estimate of the risk likelihood and of the risk magnitude. People must understand they cannot avoid the responsibility of detecting and managing risks and they are accountable for diminishing the number of unexpected events before asking the help of God.
Without having a risk intelligent personnel the risk occurrence probability may increase.
What if the sales team ignores credit risk because they consider the sales target is important only?
What if the controlling team expresses such a risk aversion that prevent the company from doing business eventually?
What if the risks identified by controllers are not communicated to the sales people or viceversa?
What if some risk owners are very active in prioritizing small risks against the major risk owned by less active staff?