risk culture

Risk culture refers to the values, beliefs, and behaviors within an organization that influence how risks are perceived and managed. It shapes how employees think about risk-taking and decision-making, impacting everything from daily operations to strategic planning. A strong risk culture encourages open communication, transparency, and accountability, enabling individuals to identify and address risks proactively. Conversely, a weak risk culture may lead to neglecting potential hazards, resulting in negative consequences. Ultimately, fostering a positive risk culture helps organizations navigate uncertainties and make informed choices that align with their goals.