September 1, 2014 Trends that are Shaping the Next Fifty Years The world has changed drastically over the past fifty years with advances in technology, and these advances will continue into the future. A recent article by McKinsey focuses on trends...
September 1, 2014 Strengthening Your Organization’s Risk Culture Culture is king! Risk taking is an everyday part of how organizations operate. But risks that could be potentially detrimental to an organization’s long-term success can be minimized by...
September 1, 2014 Big Data, Security, and C-Suite Executives Shaping Risk Management Risk management has often fallen solely on the shoulders of the Chief Risk Officer (CRO), but now CEOs and CFOs are increasingly sharing that responsibility and they are turning to ...
June 13, 2014 The Necessity of Rapid Response for Resilience Resilient organizations always seem to find a way through tough and trying business situations. How exactly do these companies manage it? A recent article in CGMA summarizes case-based research highlighted...
May 1, 2014 Understanding Risk Appetite In order for directors to oversee risk management effectively, there must be a clear understanding of what constitutes the organization’s risk appetite. The concept of a risk appetite is...
January 1, 2014 Six Recommendations to Improve Board Risk Oversight The financial crisis and subsequent performance failures, including bankruptcy, has resulted in a bright spotlight on boards for a number of organizations in regards to their effectiveness – and lack thereof –...
January 1, 2014 Value Killers in the Current Risk Environment A recent study by Deloitte examined root cause issues for companies experiencing significant one-month drops in stock valuations to see if they could identify common themes related to reasons driving...
June 19, 2013 Risk Culture’s Critical Role in ERM Enterprise risk management is a matter of business process, but it is important to remember the part that people play in implementing ERM. An organization’s “risk culture,” the way...
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...
January 8, 2013 Overview of World Economic Forum’s Recent Worldwide Risk Assessment This recently published report from the World Economic Forum presents the results of the Forum’s annual “Global Risks Perception Survey.” The survey asked respondents to assess 50 risks along scales...
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 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...
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 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...