Which of the following is NOT one of the four principles of ORM?

The principle that is not one of the four principles of Operational Risk Management (ORM) is the idea of taking risks to learn. ORM emphasizes a careful and calculated approach to risk, focusing on minimizing unnecessary risks while effectively managing those that are necessary. The other principles revolve around proactive decision-making and ensuring that risk assessments and decisions are made at the appropriate level of authority and expertise.

Accepting no unnecessary risk encourages individuals and teams to avoid risks that do not add value or that could lead to avoidable harm. Anticipating and managing risks through planning ensures that potential risks are identified early and are addressed with strategic responses. Making risk decisions at the right level ensures that those who understand the risk context and have the authority to act are the ones making informed decisions. In this framework, the notion of taking risks for the sake of learning contradicts the core focus on risk minimization and management, making it the incorrect choice.