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Poole College of Management
Enterprise Risk Management Initiative

ERM and Strategy

Mar 1, 2013

Using Collaboration Risk Management to Recognize Emerging Risks

Learn how to enhance your ERM program by incorporating emerging risks and collaborating with external partners. Discover how businesses can anticipate change and turn risk into opportunity for growth.

Mar 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 number of organizations. The way in which disruptions to an organization’s core business now emerges is often different from how new competitors have emerged in the past, which thereby calls for new ways to manage the risk of disruptive innovations. A recent Harvard Business Review article addresses these issues by focusing on what has changed in this context and how risk managers can better plan for the unknown. The cliché “time is of the essence” could never be more true for planning ahead to mitigate the impact of major market disruptions in what the authors call “big bang” disruptions. They offer strategies and identification techniques to help managers pursue planning for a disruptive environment.

Jan 8, 2013

Overview of World Economic Forum’s Recent Worldwide Risk Assessment

Explore key findings from the World Economic Forum’s 2013 Global Risks Report, including emerging risks, risk constellations, and how enterprises can leverage global risk data for ERM initiatives.

Dec 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 eye. Didn't these companies see trouble coming? The answer: probably not, but only because executive managers did not think hard enough about risk during the strategy-setting process. This white paper from Protiviti Inc. explores the concept of strategic risk and provides an approach for incorporating risk assessment into the process of strategy-setting. By combining these processes, managers will be better equipped to make decisions for their organizations now and in the unknown future.

Dec 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 as a new revolutionary business model, a completely new technology, or a new spin on an existing product or service. A December 2012 article in Harvard Business Review discusses the threat of disruptive innovation. A new product offering or a novel business model from a competitor is enough to upend any existing business and change the face of a particular market indefinitely. However, organizations can manage the risk of disruptive innovations by being proactive in regards to evaluating their own business models and those of competitors. In this HBR article, Wessel and Christensen present their approach for assessing and strategically managing the risk of disruption.

Dec 1, 2012

Managing Disruptions by Bifurcation

Discover strategies to transform businesses by adapting legacy models and innovating new growth initiatives. Learn how resource-sharing and disruption can fuel competitive advantages.

Nov 2, 2012

Overview of Key Take-Aways from Fall 2012 ERM Roundtable Summit

The Fall 2012 ERM Roundtable Summit explored strategic insights on enhancing ERM, integrating risk oversight with strategy, using KRIs/KCIs, and strengthening board-management collaboration on emerging risks.
ERM

Oct 2, 2012

Getting Started with ERM

Discover how HCA's David Hughes embraced ERM for smarter risk management. Includes key steps to get started with ERM.

Oct 1, 2012

Four Steps to Better Statistical Performance Measures

Explore how cognitive biases affect performance metric selection, and learn a practical methodology for connecting non-financial and financial metrics to better assess risk and drive strategic objectives.

Sep 1, 2012

Minimizing Risks through Creative Strategy Setting

Discover a scientific, seven-step approach to strategy planning that embeds risk management at its core. This method enhances proactive risk oversight and helps organizations choose the best strategic path.