Risk management and other buzzwords

‘Risk management’ has joined the growing lexicon of management terms being bandied around to make the speaker sound impressive and knowledgeable, while the original meaning has been steadily eroded.

When people start latching on to words or phrases and just throw them in sentences randomly to sound smart, if the practice gains enough momentum, the meanings of those words become warped by common usage, making real communication just that bit more difficult.

Read on to discover the two most popular ways to mangle the phrase ‘risk management,’ why they don’t work, and how to avoid them:

• Risk management plan
• Risk management vs risk avoidance