April 1, 2013 Crowdsourcing, A Tool to Tackle Emerging Strategic Risks Organizations are turning to “crowdsourcing” as part of their innovation strategy where they leverage the knowledge of “the crowd” to identify emerging trends and opportunities. A recent article in _Harvard...
March 1, 2013 Strategies to Manage Risks of Sudden Competitor Disruptions The introduction of new business models such as cloud computing, apps for model devices, instant information sharing, and free trial of service offerings have suddenly disrupted business models for a...
March 1, 2013 Demystifying Risk Appetite The enterprise risk management (ERM) community is certainly aware of the idea of “risk appetite;” however, despite the attention that risk appetite receives from ERM practitioners, it remains an elusive...
March 1, 2013 Using Collaboration Risk Management to Recognize Emerging Risks PricewaterhouseCooper recently published a research paper on systemic risk trends. The authors of the paper shed light on the many issues related to the risk mitigation capabilities of businesses for...
February 13, 2013 Strengthening the Role of the Chief Risk Officer in an Organization The role of chief risk officer (CRO) has been put under a microscope to understand methods and key success factors that can enhance the role. Organizations now, more than ever...
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 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...
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 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 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 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...
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,...
July 27, 2012 Mature Risk Management Drives Financial Performance In a recent survey, Ernst & Young assessed the maturity level of risk management practices and found a positive relationship between risk management maturity and financial performance. It was revealed that...
June 1, 2012 Super Bowl Embraced ERM Imagine being responsible for managing risks related to the NFL Super Bowl. With the millions of viewers drawn to this event each year, one shudders to think about an event...
June 1, 2012 Preparing for a Corporate Crisis Before Significant Risks Materialize A recent article from Practical Law The Journal offers boards guidance on preparing and responding to a corporate crisis. A lack of proper planning can make both managing crisis situations...
June 1, 2012 Categorizing Risks for More Effective Risk Management Organizations often employ a rules-based model to manage risk; however history suggests that such an approach may not be an effective way to manage all types of risk. This Harvard...
May 17, 2012 Sustainability: Considerations that Can’t be Ignored from a Strategic Perspective The topic of sustainability means a host of things to people. Many view it from a “going green” or “social responsibility” perspective. While there is value in considering sustainability related...
May 1, 2012 Managing Levels of Innovation Risk The highly competitive landscape and the rapid pace of change means organizations must continually seek to innovate to survive and grow. For many, their rush to get new innovations to...
May 1, 2012 Lack of Senior Manager Support Impairs Risk Management Here’s a new twist to “risk management”: one of the most damaging risks an organization may face is “management” itself. The article "Risky Management " in Disaster Recovery Journal highlights...