Efficient Risk Management Buzz for Entrepreneurs from Bee Hives


Bangalore: It could be possible that the earliest of human beings learned their organizational and management skills from bees. After men and wolves may be bees are the most socially active organisms on the surface of earth and for sure like many other animals and birds, humans have a lot to learn from their management skills and incisive organization and hierarchy.

Business Insider reveals how entrepreneurs can take efficient and helpful risk management tips from bees and their well organized beehives. Michael O'Malley, a human capital consultant and Beekeeper has even written a column in Harvard Business review about the analogy on bees for good risk management systems.

Let’s check out all that the bees buzz about risk free entrepreneurship.

1. Decentralized Decision Making

Often a sole executive’s faulty decision and subordinates blindly following it could completely burn the enterprise down to ashes. High level executives barely understand the difficulties and risks that come up in the lower levels of operation. To beat this difficulty, the bees have very decentralized system of decision making, where the authority is well distributed in all levels of operation and any folly in it would affect only a small part of the whole organization, leaving scope for back up or recovery. Like the bees do, it is very important in such situation to keep lucid and transparent flow of information among various stages so that the operation is well monitored and risk free.