December 21, 2012 Making the Connection Between Strategy-setting and Risk Organizations invest a great deal of effort in developing and executing their business strategies. Even so, winning business models are all-too-often subject to catastrophic failures in the blink of an...
December 1, 2012 Managing Disruptions by Bifurcation Proactively managing risks gives managers viable strategies when opportunities or threats emerge. However, even the most proactive companies experience an event or events that require reactions from management. At times,...
December 1, 2012 SunGard Survey: How Are Companies Managing Financial Risk? This white paper presents the results of a recent study conducted by SunGard, a global provider of technology-related services and solutions. The purpose of the study was to gain an...
December 1, 2012 Managing the Risk of Disruptive Innovation Organizations often find themselves surprised by a competitor’s announcement of a new innovation. Such announcements can be hugely disruptive, and they hit the competitive environment in many forms, such...
November 13, 2012 S&P’s Management and Governance Rating Criteria - 2012 NEW YORK (Standard & Poor's) Nov. 13, 2012--Standard & Poor's Ratings Services today published its criteria for evaluating enterprises' management and governance credit factors in an article titled "Methodology: Management And Governance Credit...
November 2, 2012 Overview of Key Take-Aways from Fall 2012 ERM Roundtable Summit Summary of NC State University’s ERM Initiative Fall 2012 ERM Roundtable Summit in Raleigh, NC on November 2, 2012.
October 2, 2012 Internal Audit’s Role in Risk Management Michael Somich, Executive Director of Internal Audit at Duke University, discusses with Dr. Mark Beasley his views about the role internal audit should play within an organization’s ERM process. ...
October 2, 2012 The Future of ERM Steve Dreyer, Managing Director and Practice Leader at Standard & Poors, speaks to whether he thinks Enterprise Risk Management is just another consultant’s fad or if it will be an...
October 2, 2012 Chief Risk Officer vs. Risk Committees A major stumbling block companies run into when beginning their ERM journey is whether to have one risk champion (CRO) or have a committee that handles risk oversight. Paul Zavolta,...
October 2, 2012 Engaging Business Unit Leaders in Discussing Enterprise Risks Paul Zavolta, Director of ERM at Alpha Natural Resources, provides an overview of how ERM is treated at Alpha Natural Resources. He speaks of how he feels the company’s...
October 2, 2012 Role of Senior Executives in Leading Risk Oversight Michael Somich, Executive Director of Internal Audit at Duke University, discusses how having the President of Duke University "walk the walk and talk the talk" regarding ERM is essential element...
October 2, 2012 Education of ERM Concepts at the Collegiate and Corporate Levels Laurie Brooks, retired Chief Risk Officer at Public Services Enterprises Group and current board of director at Provident Financial Services, shares her views about the long-term viability of ERM and...
October 2, 2012 Getting Started with ERM Often times executives brush off any ERM initiative by stating they have smart people on the board or on management teams. David Hughes, Assistant VP of ERM and Business Continuity...
October 1, 2012 Applying “Big Data” to Risk Management “Big data” is quickly building a following as a useful tool for helping managers make decisions. But what exactly is big data, and is its use actually beneficial to a...
October 1, 2012 Managing Risks of Innovation Managers attempting to streamline a global innovation project generally do so while haphazardly managing risk. The reason for rushing projects is either lack of available employees, desires for a faster...
October 1, 2012 Four Steps to Better Statistical Performance Measures Managers hinder their performance insight by focusing on sexy performance metrics that may be persistent but not predictive, and vice versa. These popular key performance indicators (e.g., EPS growth)...
October 1, 2012 Managing Risks of the Mobile Enterprise Mobile devices are becoming more and more integral in the workplace today, as they are used for field work, file-sharing, and business processes. With the widespread use of mobiles, and...
October 1, 2012 Confronting Risk Culture at the Board Level Tackling risk culture head-on – that is, the collective way in which personnel within an organization think about, communicate about, and behave in relation to risk – may be one of the...
September 15, 2012 Managing Supply Chain Risks for Conflict Minerals The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 places new regulations on companies reporting to the SEC. In particular, Section 1502 of the Dodd-Frank Act concerns the use of...
September 1, 2012 Minimizing Risks through Creative Strategy Setting Strategic planners often go through a rigorous process of extensive analysis of past performance and forecasts to come up with a robust strategic plan. They attempt to check their biases,...