It's a busy month for entertainment, with the BAFTA's and Grammy's last weekend (well done Adele!), London Fashion Week and the Brit's starting soon - plus the Oscars at the end of the month!

The entertainment industry seems to be surviving through the financial crisis, in an increasingly unpredictable environment and Hollywood is no exception as it saw romantic drama The Vow, starring Rachel McAdams and Channing Tatum, top the US box office chart ahead of Valentine's Day. "This was the first non-holiday weekend that four films opened with more than $20m each....The only other time when four new releases did that well was over Christmas weekend in 2008" said Paul Dergarabedian of box office analysts Hollywood.com.

It seems that Hollywood's approach to sustaining through tough times and remaining resilient was to play it safe and stick to what they knew worked.  This approach has not gone down well with everyone as Hollywood executives have been criticised recently by film producers and actors about it's lack of risk taking.  Channing Tatum has hit out at the people running Hollywood studios saying they are no longer interested in taking risks.  He said they often only deal in developing movies based on books or comics that already have an established audience. The actor said he agreed with the thoughts of Fatal Attraction and Flashdance director Adrian Lyne who he said called the executives "maintenance men".

Hollywood found a formula for success and kept using it over and over and with this its employees have started to lose confidence in the industry. Perhaps with these new record figures under their belt they'll find the confidence to take a step out into the unknown - and consider taking some more risks.  After all Hollywood was first known for it's innovations, being pioneering, inspiring, cutting edge and leading the way...

Julie Williams from Tinder-Box has been talking to Executive Grapevine about HR’s role in managing risk and creating resilience. She says “Many people shy away from discussing risk due to the reputation that it carries." She believes this doesn't need to be the case, saying "People need to be rewarded for talking about risk... The whole subject can have really negative connotations - so you have to reward people."  However, there are cultural changes that need to occur in order for employees to discuss risk candidly. "People focus on putting in a lot of processes, systems and logging methods to capture risk and people become paralysed by it... You need to have a balance between the systems you have in place while also encouraging people to have broader conversations. We encourage everybody in an organisation to be curious because there are risks that you can see and risks that you can't." Read the full article here (p22).