-
Overcoming Common ERM Pitfalls
January 18, 2017
Don Pagach, Director of Research for the ERM Initiative at NC State University, interviews Nick Lemen, recently promoted after serving as Senior Director of ERM at Eli Lily and Company, about…
-
Forget the Gym: Resolve to Make Your ERM Program Stronger!
January 4, 2017
This time of year we focus on those things we’d like to improve in the coming year, and personal fitness and diet goals are frequently at the top of the…
-
Case Studies on Integration of ERM with Strategy
May 11, 2016
NC State University's ERM Initiative is pleased to release a new thought paper, Integration of ERM with Strategy, that highlights three case study illustrations of how organizations have successfully integrated…
-
A Risk Manager’s Role in Strategic Leadership
January 20, 2016
A misalignment of risk priorities often exists between the risk manager and the executive decision makers. What can risk managers do to help them establish their significance and contribution to the organization? As in almost any emerging field, risk management requires effective communication and robust contribution from all parties in order to extract the most value for the organization.
-
Advancing ERM
October 29, 2015
Earlier this month we held our fourth annual Advanced ERM Executive Education Workshop where we walked over 50 participants through an evaluation of their ERM processes and provided techniques for…
-
Trends that are Shaping the Next Fifty Years
September 1, 2014
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…
-
Eliminating Reputation Threats
January 15, 2014
While a number of corporate entities are embracing ERM, institutions of higher education are also enhancing their risk management processes by embracing ERM. With a number of institutions facing risk…
-
Strengthening the Role of the Chief Risk Officer in an Organization
February 13, 2013
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…
-
Making the Connection Between Strategy-setting and Risk
December 21, 2012
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…
-
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 as…
-
Engaging Business Unit Leaders in Discussing Enterprise Risks
October 2, 2012
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 top-down…
-
Getting Started with ERM
October 2, 2012
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…
-
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…
-
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,…
-
Risk Appetite: A Conversation of Governance
June 1, 2012
Managers often view risk appetite as a highly theoretical concept: one that is determined instead of discussed, irrelevant instead of practical, or static instead of adaptive. This paradigm is due…
-
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…
-
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…
-
Categorizing Risks for More Effective Risk Management
June 1, 2012
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…
-
Sustainability: Considerations that Can’t be Ignored from a Strategic Perspective
May 17, 2012
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…
-
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 realities…