Risk in my Life

Risk Management lessons from Lord Rama’s journey

Lord Rama’s journey, as depicted in the ancient Indian epic Ramayana, offers profound lessons in various fields including leadership, ethics, and risk management. On the auspicious day of the inauguration of the historic Shri Ram Janmabhoomi Temple in Ayodhya, let’s reflect on the 22 risk management lessons from Lord Rama’s journey:

  1. Understand the Risk Landscape: Before invading Lanka, Rama gathered intelligence about the terrain and the strength of Ravana’s forces, ensuring he was not entering the battle blindly.
  2. Embrace Righteousness: Rama’s decision to accept exile instead of defying his father’s wishes shows the importance of ethical choices, even when they come with personal costs.
  3. Build a Competent Team: Rama’s alliance with the vanara army, including warriors like Hanuman and Sugriva, ensured he had the necessary support and skills to face diverse challenges.
  4. Assess Allies and Foes: Rama assessed the loyalty of Vibhishana, Ravana’s brother, before accepting him, understanding the risks and benefits of this alliance.
  5. Strategic Planning: Building the bridge to Lanka was not just an engineering feat but a well-thought-out plan considering time, resources, and environmental factors.
  6. Effective Communication: Rama consistently communicated his plans and strategies to his team, ensuring everyone was on the same page during the mission to rescue Sita.
  7. Adaptability: When faced with the daunting task of crossing the ocean, Rama adapted by seeking the help of Nala and Nila to construct the bridge.
  8. Leadership by Example: Rama led the construction of the bridge and the battle against Ravana, showing his commitment and boosting his army’s morale.
  9. Maintain Morale: During the construction of the bridge and the subsequent battle, Rama maintained the morale of his troops by being present and leading by example.
  10. Emotional Intelligence: Rama understood Sugriva’s grief and motivated him to regain his kingdom, thereby gaining a valuable ally.
  11. Crisis Management: Dealing with Sita’s abduction, Rama strategically formed alliances and planned her rescue, effectively managing this crisis.
  12. Patience and Timing: Rama waited for the right moment to attack Lanka, understanding the importance of timing in ensuring the success of his mission.
  13. Resourcefulness: The construction of the bridge with stones that floated on water is an example of using available resources creatively to solve problems.
  14. Decisive Action: After deliberation and gathering allies, Rama decided to wage war against Ravana, showing the importance of decisive action post risk assessment.
  15. Learning from Mistakes: Rama learned from the initial setbacks in the battle, adjusting his strategies to counter Ravana’s might.
  16. Respect for Opponents: Recognizing Ravana’s strength and intelligence, Rama planned his strategies carefully, ensuring he did not underestimate his enemy.
  17. Foreseeing Consequences: Rama considered the consequences of his actions on his people, ensuring his decisions were for the greater good.
  18. Cultural Awareness: During his exile, Rama respected and adhered to the customs of the forest dwellers, ensuring harmony and gaining their support.
  19. Mental Resilience: Despite the hardships of exile and the pain of Sita’s abduction, Rama’s unwavering resolve showcases the importance of mental strength in overcoming challenges.
  20. Ethical Governance: Rama’s rule, known as Ram Rajya, was marked by fairness, prosperity, and justice, emphasizing the importance of ethical leadership in risk management.
  21. Continuous Learning: Throughout his journey, Rama learned from each encounter and adapted, showcasing the importance of being a lifelong learner in managing and mitigating risks.
  22. Leaving a Legacy: The legacy of Rama’s rule and the values he stood for continues to be a guiding light, illustrating the importance of building a sustainable and resilient system that manages risks and survives beyond an individual’s tenure.

These examples from Lord Rama’s journey not only reflect a deep understanding of risk management principles but also offer timeless insights applicable to various aspects of modern life. You can apply risk management strategies to any career and become a resilient, risk intelligent and successful leader. Start with IRM’s Level 1 Global ERM Exam today.


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