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6th Annual International Regulatory Affairs Symposium “Risk Governance in Regulation”. Historical review – how old are the conception of “risk”? “The origin of our species – Chris Stringer” The easy answers is where and when, the difficult one is why? Nonetheless he is bringing aspects of: - PowerPoint PPT Presentation
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PTIL/PSA
PTIL/PSA
PTIL/PSA
6th Annual International Regulatory Affairs Symposium
“Risk Governance in Regulation”Historical review – how old are the conception of “risk”?
“The origin of our species – Chris Stringer”• The easy answers is where and when,
the difficult one is why?Nonetheless he is bringing aspects of:• Risk reduction
- Modern humans spread risk for survival through better technology, provisioning and mutual support
• Risk taking - “Necessity is the mother of invention”- Innovation or imitation
PTIL/PSA
Basic knowledge about risk• Any human activity implies a risk• Uncertainty about the consequences of an activity will always exist• There is always something we do not know• Zero risk can be achieved only by zero activity• Zero uncertainty can be achieved only by zero activity
From a regulators perspective - How to govern risk?What does a risk based approach mean?
PTIL/PSA
Command and control Self regulation
You need to balance a regulatory role which encompasses:
And
From a regulators perspective – how to govern risk?
PTIL/PSA
Command and control Self regulation
Risk taking and risk reduction is about the interrelationship between
From a regulators perspective – how to govern risk?
PTIL/PSA
Technological systemMutual influence
Human needs and behaviour• Career planning • Job satisfaction (content and variation in the job)• On the job training/learning • Empowerment and decision-making • Execution of power• Reputation/prestige (support, trust etc)• Integrity and autonomy
Systemic characteristics - Rationality• Scientific approach to ensure rational and effective production• Specialisation• Clarified roles (who das what)• Standardisation• Automation
Social system- individuals- groups- needs
Risk and rationality in a Human – Technology - Organisation-perspective
PTIL/PSA
8
System perspectives
PTIL/PSA9
Specialisation around similar work tasks- standardisation- common procedures
Elimination of overlapping work Synergy of large-scale operations
- Optimal investments- low unit costs
Management tool- hierarchy- instructions and procedures
Depended on internal and externalstability
Development and utilisation of knowledge and knowledge systems
Development of strategic expertise platforms with greater width anddepthThe empowered employee
- autonomy- integrity
Management tool- team (virtual)- network
Adaptive to uncertainty in the market
Communicationtools
Data quantityand quality
System boundariesand interfaces
System organization
Real-time data
Analyticalmodels
Data re-presentation
Communicationtools
Data quantityand quality
System boundariesand interfaces
System organization
Real-time data
Analyticalmodels
Data re-presentation
Activities in a high risk environment
New intelligent and virtualtools
How to utilize tacit knowledge?
PTIL/PSA
Quality
Experience/competence
Know what?
Know how?
Know why?
Care why?
How to develop knowledge in a risk based regulatory context?
A C
DEFG
B A C
DEFG
B
PTIL/PSA
Care why – demands focus on values, people and leadership
Guiding our behaviour and discuss what we expect from
our fellow colleagues, our companies and our leaders