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Feb 14, 2019

Pinpointing Opportunities to Strengthen Your Organization’s ERM Processes

Learn how to evaluate and enhance your organization’s ERM process with self-assessments, lessons learned, expert feedback, and tools to ensure continuous improvement and strategic value.

Feb 5, 2019

Recognizing the Risk Impact of an Aging Workforce

According to the Bureau of Labor Statistics in their most recent ten-year labor force and employment projections, the number of individuals aged 55 and above in the labor force will grow from 35.7 million in 2016 to 42.1 million in 2026. Organizations will experience this impact in different ways based on their size, growth, industry and historical hiring and layoffs.

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

Risk Management with Third-Party Suppliers

Discover how financial institutions manage third-party risks under increasing regulatory scrutiny. Learn about McKinsey’s six-element approach for risk segmentation, due diligence, governance, and effective management reporting to mitigate operational and reputational risks.

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.

Jan 4, 2019

Recognizing the Shamrock Organization and Emerging Risks It May Create

Workforce dynamics are evolving with generational shifts, AI, and the gig economy. Beth Ritter discusses how these trends create emerging risks that executives and boards must address in strategic planning.

Sep 4, 2018

Risk Assessment from COSO’s Perspective

Learn how COSO's risk assessment framework helps organizations manage risks effectively. Explore the key steps: developing assessment criteria, evaluating risk interactions, and prioritizing risks to align with strategic goals and enhance value creation.

Jun 26, 2018

The Relationship between Internal Controls, ERM, and the Business Model

COSO's Improving Organizational Performance and Governance discusses how COSO's Internal Control Integrated Framework and COSO's ERM Integrated Framework relate to the standard business model. The frameworks can contribute to an organization's long-term success. The key takeaway is that good risk management and internal control are necessary for the long term success of all organizations. Improving organizational performance and governance will support this goal.

May 30, 2018

Fresh Insights from the Spring 2018 NCSU ERM Roundtable Summit

Gain valuable insights from the ERM Roundtable Summit, where experts from Lowe’s, GM, General Mills, and more share innovative strategies for integrating ERM with strategy, managing risks, and transforming ERM processes.