Upside Risk and Downside Risk: Do We Need Both?

In this video, we'll explore the concept of upside risk and downside risk, and whether it's necessary to consider both types of risk in a comprehensive risk management program. We'll discuss the differences between the two types of risk and how they can impact an organization's objectives. We'll also examine the benefits and challenges of including upside risk in a risk management program, including the potential for innovation and growth, as well as the need for careful evaluation and management. By the end of the video, you'll have a better understanding of the role of upside risk and downside risk in ERM and how to balance both types of risk to achieve your organization's objectives.
0:00 - Intro
0:30 - Downside VS Upside Risk
01:29 - The "Effect"
01:58 - How to distinguish between upside & downside risk?
02:33 - Illustration
03:25 - Why is it important to consider both?
04:31 - Wrap-up
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