Culture

The shared values, beliefs, assumptions, and behaviors that characterize an organization. In RBPM, culture is a critical "soft" discipline that can either enable or undermine the effectiveness of strategy and risk management. A strategy-focused, risk-aware culture is one where employees at all levels understand strategic objectives, appreciate risk-taking boundaries, feel empowered to identify and report risks, and make decisions aligned with the organization's risk appetite. Cultural factors often determine whether RBPM implementation succeeds or fails.