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Poole College of Management
Enterprise Risk Management Initiative

ERM and Strategy

Mark Beasley

Aug 17, 2021

Use Strategic Lingo Versus Risk Lingo When Engaging C-Suite Executives

ERM Initiative Director Mark Beasley shares tips on how leaders may want to rethink their approaches to engaging in conversations with C-Suite executives.
Getting Started with ERM for Nonprofits

Jul 14, 2021

Getting Started with Enterprise Risk Management: A Guide for Nonprofits

A video discussion of, "Getting Started with Enterprise Risk Management: A Guide for Nonprofits."

Jan 24, 2020

Predictive Risk Intelligence Strategies

Predictive Risk Intelligence, or PRI, is the future of risk management. The article, published by Deloitte, introduces the concept, explains monitoring methods and provides examples as to how advanced analytics can help organizations prepare for emerging risks by leveraging both internal and external data sources. This concept can provide value in many ways such as reducing manual intervention and the potential for human error and helping companies predict risk before the loss event occurs.

Jul 30, 2019

Creating Value from Risk

Are senior executives and organizational stakeholders placing too much confidence in their organization’s risk management capabilities? Deloitte recently surveyed board members and the C-suite to find out how capable these organizations are at integrating risk management within their pursuit of value creation. Deloitte’s main findings point to major overconfidence that should be taken as a warning sign: many stakeholders are likely overstating their risk awareness and capabilities.

Jan 29, 2019

Joint Venture Blind Spots and Strategies to Avoid Them

Joint ventures are developed through a five stage process requiring complex decisions to be made by varying teams. Joint venture success depends heavily on cross-process discipline throughout business planning and implementation while simultaneously be aware of and counteracting common blind spots. These blind spots are pressures that can undermine joint venture success. They include rushing to completion, a lack of leadership continuity, declining parent involvement, and insufficient planning to respond to changes in risk. This article discusses the causes of these blind spots and strategies to avoid them.

Jan 29, 2019

The Three Types of War Gaming

War gaming is a tool that is not utilized often enough by organizations. War gaming provides an organization with realistic situations and outcomes based on a certain set of information. There are three types of decisions that war gaming can have strong influences on which are product level decisions, portfolio level decisions, and market entry decisions. Each type of war gaming provides an assessment of how competitors will react to certain offerings and how they will innovate their own products. This will give an organization insight to make the necessary changes to their services or products to be successful in the market.

Jan 29, 2019

Strategic Risk Transformation for Organizations

Strategic risks are important now more than ever in the economic environment we live in. Regulatory risks arise each year, along with new emerging risks from technology and innovation. That is why it is so critical for organizations to consider their strategy and how it effects their risks. This article summarizes a structured process set out by Deloitte on how to identify risks, and then implement a plan to transform your company to be protected from catastrophic events and to minimize the damage caused by these events.
David Hughes and Bonnie Hancock

Aug 14, 2018

Conducting Annual Risk Interviews

David Hughes, Assistant Vice President, ERM and Business Continuity Planning at HCA Healthcare talks about how HCA conducts annual risk interviews as part of an ERM process that has been in place for over 15 years.

Jul 25, 2017

Today’s Risk Management Challenges: It’s a Small World After All

   In late June, I spoke at a conference in Italy focused on risk management and organizational change.  Those in attendance included both business professionals and academics interested in understanding…

Nov 29, 2016

Five Recurring Themes for Enhancing Risk Oversight

Article by Mark S. Beasley: Over the past month I have had the opportunity to meet and talk with a number of risk management executives who have engaged with us at our ERM Initiative Advisory Board meeting, our ERM Roundtable Summit, and our inaugural ERM in Higher Education workshop, and I have traveled to Europe to participate in ERM conferences there. In all these experiences I have observed a number of common themes related to opportunities to strengthen ERM processes. These opportunities seem to transcend organizational size, industry, and geographic location. Let me highlight five challenges that ERM leaders view as opportunities to strengthen the value of their organization's ERM efforts.