76woodenspooners
Brownlow Medallist
We all deal with risk in our day-to-day lives.
It's everywhere - the risk of shopping for a motor car and getting a reliable one, the risk of asking someone out on a date, even the risk of ordering a meal from a menu.
Do you order the spag bol because you know what you're going to get, or do you take a punt on the steak tartare because you like tartare sauce on fish and are curious about whether it works with steak?
Many of us deal with risk management in our jobs. Engineers have "Failure Mode and Effect Analysis" in their many forms. Insurance actuaries and bookmakers live and breathe risk.
We know that some senior coaches (including Buckley) go through "what if" scenarios before games. What if it starts raining? What if opposition player X moves forward? What if ...? It helps the match day committee mitigate risk by being able to deal with situations quickly and decisively as they arise. And sometimes the challenge for the folks in the coaching box is to pull a move that the opposition don't see coming or are unprepared for.
Of course not all situations could be or should be anticipated. Any organisation that gets bogged down in the minutiae of anything that could go wrong, never actually achieves anything.
Risk is a function of probability and consequence.
Probability of Cloke getting injured? He's durable, but it's possible. Consequences of Cloke getting injured? Not good. Therefore "Cloke getting injured" is a risk that would be mitigated and planned for.
Here's another one for the folks playing at home: Probability of high incidence of player injury with a first-year-at-club fitness coach? Possible. Consequences? Not good.
Of all the mistakes that the club has been blamed for on here, am surprised that risk management hasn't come up much if at all.
Of course we get little insight into the club's risk management processes. But blaming things on bad luck might be an indicator that there is room for improvement.
"Bad luck" is a lament of the punters, not of the bookmakers.
Thoughts?
It's everywhere - the risk of shopping for a motor car and getting a reliable one, the risk of asking someone out on a date, even the risk of ordering a meal from a menu.
Do you order the spag bol because you know what you're going to get, or do you take a punt on the steak tartare because you like tartare sauce on fish and are curious about whether it works with steak?
Many of us deal with risk management in our jobs. Engineers have "Failure Mode and Effect Analysis" in their many forms. Insurance actuaries and bookmakers live and breathe risk.
We know that some senior coaches (including Buckley) go through "what if" scenarios before games. What if it starts raining? What if opposition player X moves forward? What if ...? It helps the match day committee mitigate risk by being able to deal with situations quickly and decisively as they arise. And sometimes the challenge for the folks in the coaching box is to pull a move that the opposition don't see coming or are unprepared for.
Of course not all situations could be or should be anticipated. Any organisation that gets bogged down in the minutiae of anything that could go wrong, never actually achieves anything.
Risk is a function of probability and consequence.
Probability of Cloke getting injured? He's durable, but it's possible. Consequences of Cloke getting injured? Not good. Therefore "Cloke getting injured" is a risk that would be mitigated and planned for.
Here's another one for the folks playing at home: Probability of high incidence of player injury with a first-year-at-club fitness coach? Possible. Consequences? Not good.
Of all the mistakes that the club has been blamed for on here, am surprised that risk management hasn't come up much if at all.
Of course we get little insight into the club's risk management processes. But blaming things on bad luck might be an indicator that there is room for improvement.
"Bad luck" is a lament of the punters, not of the bookmakers.
Thoughts?






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