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Q & A: Controlling Spreadsheet Risk
January 10, 2013
Spreadsheets are widely used in today’s business environment, and rightly so – they provide users with a powerful, flexible solution for getting things done. However, there is a difficult truth...
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SunGard Survey: How Are Companies Managing Financial Risk?
December 1, 2012
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...
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Managing the Risk of Disruptive Innovation
December 1, 2012
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...
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Internal Audit’s Role in Risk Management
October 2, 2012
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. ...
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Chief Risk Officer vs. Risk Committees
October 2, 2012
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,...
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Applying “Big Data” to Risk Management
October 1, 2012
“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...
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Managing Risks of Innovation
October 1, 2012
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...
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Four Steps to Better Statistical Performance Measures
October 1, 2012
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)...
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Managing Risks of the Mobile Enterprise
October 1, 2012
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...
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Managing Supply Chain Risks for Conflict Minerals
September 15, 2012
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...
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Minimizing Risks through Creative Strategy Setting
September 1, 2012
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,...
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Mature Risk Management Drives Financial Performance
July 27, 2012
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...
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Super Bowl Embraced ERM
June 1, 2012
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...
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Preparing for a Corporate Crisis Before Significant Risks Materialize
June 1, 2012
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...
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Lack of Senior Manager Support Impairs Risk Management
May 1, 2012
Here’s a new twist to “risk management”: one of the most damaging risks an organization may face is “management” itself. A recent article in Disaster Recovery Journal highlights the...
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How to Manage Risks Associated with Organic Growth Strategies
May 1, 2012
A sound approach to organic growth enables an organization to sustain itself through the toughest circumstances in the business environment. The authors of this Harvard Business Review article believe that...
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Understanding and Communicating Risk Appetite
February 1, 2012
Risk appetite, as defined by COSO, is the “amount of risk, on a broad level, an organization is willing to accept in pursuit of value.” While the overall concept of...
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Twelve Areas of Risk a Board Should Consider
February 1, 2012
In today’s dynamic business environment, the only constant for an organization is that it will be forced to change on a regular basis. A recent thought paper by Deloitte...
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Special Report: Risk Lessons from the 2011 Japan Earthquake Disaster
January 1, 2012
In the Global Risks 2012 report, the World Economic Forum features a special report on the Great East Japan Earthquake of March 2011. The special report highlights some lessons learned from the...
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The World Economic Forum’s Global Risks 2012 Report
January 1, 2012
The World Economic Forum’s seventh edition of the Global Risks 2012 report details the survey results of 469 global experts from different sectors. The experts ranked the likelihood and impact of 50...