Episode
LTR 158: Three Questions To Keep Risk Connected to Decisions
- Podcast
- Let's Talk Risk! Podcast
- Published
- Jun 12, 2026
- Duration seconds
- 1691
- Processing state
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Summary
Summary “Tools do not remove uncertainty” In this Let’s Talk Risk! conversation , host Naveen Agarwal speaks with Vilma Nasteckiene, PhD , founder of Holistic Business Risk , about a broader and more human view of risk management. Vilma brings experience from banking, fintech, operational excellence, consulting, research, and business transformation. Her work focuses on reconnecting risk management with the real habits, decisions, tensions, and accountability practices that shape how organizations actually operate. This conversation moves beyond medical device risk management in the narrow technical sense. Instead, it explores risk as a business discipline: how companies grow, how complexity creates silos, how risk becomes disconnected from decision-making, and why mature risk management requires more than procedures, reports, and frameworks. Vilma offers three simple questions for a balanced approach to lifecycle risk management: What are we trying to achieve? What do we rely on to achieve it? How could it fail? The discussion connects directly to medtech, where product lifecycle, organizational lifecycle, regulatory expectations, patient safety, and business sustainability often collide. Listen to the full 30-minute podcast or jump to a section of interest listed below. Chapters 00:00 – Introduction 01:10 – Vilma’s journey into holistic business risk 02:40 – When risk management drifts away from real business decisions 05:55 – What lifecycle risk management means 07:20 – Why companies lose risk visibility as they scale 09:00 – Applying lifecycle thinking to organizations and products 12:45 – Co-creating better risk expectations with regulators and industry 15:25 – Mature business practices as risk management practices 20:10 – Strategic planning as a risk control 22:0…