Ron Kiskis: On Risk of Missed Opportunities (ROMO) – Resilient Podcast | Deloitte US has been added to your bookmarks.
Ron Kiskis: Resilient podcast
The danger of ROMO (Risk of missed opportunity)
You’re probably wondering what is ROMO? ROMO, the risk of missed opportunity, means the #1 risk you could be facing is all the risks you are not taking. In this episode of Resilient, Ron Kiskis, the former president of Chevron Oronite Company, discusses evaluating decisions not only in terms of the risk of doing something, but also in terms of the risk of not doing anything.
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The danger of ROMO
Ron Kiskis, former president of Chevron Oronite Company, on the danger of ROMO
If you try to live in a world with no risk, you’ll also live in a world with no opportunities.
In this episode of Resilient, Ron Kiskis, the former president of Chevron Oronite Company, shares his perspectives on ROMO or the risk of missed opportunity. Risk and change can be good or bad, depending on where you sit. If you simply try to avoid them, someone else will seize the opportunities those risks present—and you’ll be left holding the bag.
Ron also talks about the importance of:
- Exploring the worst that could happen to better mitigate risk
- Having a plan B so you’re not afraid to steer away from plan A
- Working for a company whose values and beliefs mirror your own
- Becoming more paranoid as your track record improves
A lot of times, there’s far more risk in doing nothing than there is in doing something.
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