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ERM and Strategy

Jan 1, 2012

Risk Management in Deloitte’s 2011 Board Practices Report

Deloitte's Board Practices Report reveals key findings on board involvement in strategy, risk oversight, and governance. Explore trends in risk committees and board responsibilities for public and non-public companies.

Jan 1, 2012

The World Economic Forum’s Global Risks 2012 Report

Discover the top 50 global risks identified by the World Economic Forum, covering economic, environmental, geopolitical, societal, and technological threats, and their interconnected consequences for global stability.

David Hughes

Nov 2, 2011

Interviewing as a Technique for Risk Identification

David Hughes, Assistant VP of ERM and Business Continuity Planning at Hospital Corporation of America, discusses the interviewing process the company employs to identify top strategic risks.

Aug 1, 2011

Risk Identification through “Rooted Maps”

Discover how rooted maps enhance risk identification by visualizing global risks from specific perspectives. Learn how geographic, cultural, and policy differences shape business strategies and improve executive decision-making.

Aug 1, 2011

Avoiding Confirmation Bias in Decision Making

Executives today are becoming even more aware of the biases within their own mind that can prevent them from making the correct decisions. One of these major biases is confirmation bias, which is the phenomenon in which people throw away any evidence as irrelevant if it contradicts their initial notion of the situation. Increased awareness of the decision making process can help executives better evaluate situations when coming to a major decision. Confirmation bias is likely to be present in any risk identification and risk assessment task as new information comes to light that might contradict our preconceived notions about a risk event. This thought paper explores twelve questions to think through before jumping into the deep end and making a major decision with an unfounded assumption as its base.

Mar 1, 2011

Raising Awareness of Cybersecurity Risks

Learn how senior executives and boards can enhance cybersecurity risk oversight with practical strategies from Sidley Austin LLP. Discover recommendations for managing, monitoring, and mitigating cyber threats in today's evolving risk landscape.

Jan 1, 2011

Assessing and Managing Risks Related to Intangible Assets

Given that intangible assets correspond to roughly 80 percent of the value of today's corporations, it is essential that companies improve risk governance practices concerning intangible assets to mitigate against the related risks. In an article from Corporate Finance Review, the authors discuss the evolution of ERM and recommend changes to the management of intangible assets as a way of enhancing enterprise value. In addition, key elements of an ideal oversight system are reviewed.

Dec 1, 2010

Avoid Being Blindsided by Risks: Focus on Key Assumptions

Deloitte outlines the dangers of flawed strategic assumptions and the importance of regularly challenging them. Learn how to implement a risk-intelligent strategy to avoid blind spots and improve decision-making.

Dec 1, 2010

A Four-Step Risk Approach to Strategy Execution

Organizations are seeing the value of adopting a risk-based approach to execute strategies in order to survive in a post-recession world. This approach enables managers to focus on opportunities in strategic plans, as well as minimizing the potential impact of threats. A recent article in the Journal of Business Strategy outlines four steps to execute a strategy using a risk-based approach.

Aug 2, 2010

Global Emerging Risks Survey

This Oliver Wyman survey reveals how global organizations view emerging risks and manage them. It highlights concerns about preparedness and offers recommendations to better integrate risk management into corporate strategy.