When you think of risk management, does the image of Tarzan swinging through the trees come to mind? Probably not. But it should. Tarzan, the legendary character created by Edgar Rice Burroughs, has much to teach us about navigating risky situations — be it in the heart of the jungle or the corporate boardroom. So, let’s discover five risk management lessons we can learn from Tarzan’s adventures and apply them in the Boardroom.
Lesson 1: Embrace Change and Stay Agile
Tarzan’s survival in the untamed wilderness is a testament to his ability to adapt quickly and embrace change. In the jungle, risks can emerge from any direction, from ferocious animals to unsteady ground. Tarzan’s agility and flexibility allow him to respond swiftly, avoiding potential pitfalls and seize opportunities as they arise.
Similarly, adapting to changing circumstances can differentiate success and failure in the fast-paced corporate world. Embracing change and staying agile enables risk managers to proactively control and mitigate potential threats and capitalise on emerging opportunities.
Lesson 2: Assess the Terrain and Identify Potential Obstacles
Before swinging through the trees, Tarzan carefully observes his surroundings, evaluating the terrain and identifying potential obstacles. He understands that failing to recognise a hidden predator or an unstable tree branch could be disastrous.
A thorough understanding of the environment is essential in risk management. By conducting comprehensive risk assessments, managers can identify potential threats, evaluate their impact, and develop mitigation strategies. Like Tarzan, risk managers must always stay vigilant to spot any hidden dangers lurking in their path.
Lesson 3: Build a Trustworthy Network
For Tarzan, survival in the jungle is not a solo endeavour. He relies on a network of loyal animal friends to navigate the risks and tribulations of his wild existence.
Risk management, too, is a team effort. Establishing solid networks and relationships with stakeholders throughout the organisation is crucial. Trustworthy allies can provide vital insights, help identify potential risks, and offer support in times of crisis. By fostering a culture of collaboration and building a network of dependable partners, risk managers can enhance their ability to manage risks effectively.
Lesson 4: Continuously Learn and Improve
Tarzan’s life in the jungle is a constant learning experience. He relentlessly hones his skills, always seeking to improve himself and adapt to new challenges.
Similarly, risk managers must adopt a mindset of continuous learning and improvement. Staying up-to-date with industry trends, regulations, and best practices enables risk managers to develop innovative strategies to address new and emerging risks. By constantly evolving their knowledge, risk managers can stay one step ahead, minimising surprises and maximising their ability to protect the organisation.
Lesson 5: Stay Disciplined and Resilient
Tarzan’s courage and unwavering determination undoubtedly contribute to his survival. Despite facing life-threatening risks, he remains disciplined and resilient, never giving in to despair.
In the corporate world, risks can often seem daunting and overwhelming. However, by staying disciplined and resilient, risk managers can maintain a focused approach to risk management. They can bounce back from setbacks, adapt their strategies, and keep pushing forward, even when the odds seem stacked against them.
Final Thoughts
From the depths of the jungle to the world of business, Tarzan’s lessons in risk management can be surprisingly applicable. By embracing change, assessing the terrain, building strong networks, continuously learning, staying disciplined, and being resilient, risk managers can swing through the proverbial jungle of risks, ensuring their organisations thrive even amidst uncertainty. So, metaphorically speaking, take a page from Tarzan’s book and let his adventurous spirit guide your risk management journey.
