Skip to main content
Poole College of Management
Enterprise Risk Management Initiative

ERM Initiative Staff

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

Behaviors That Shape Corporate Culture

Corporate culture and the behaviors that shape them are always a hot topic amongst c-level management, journalists, consultants and employees of the organization. There is a traditional and typically accepted viewpoint that altering the mindsets of employees with fancy phrases and showcasing the desired qualities of culture will lead to behavior change due to employees’ willingness to conform to the new standards. However, corporate culture has three dimensions that affect its alignment which are symbolic reminders, keystone behaviors, and mind-sets. Contrary to popular belief, behavioral changes will have the longest lasting impact on culture.

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 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 24, 2019

Are You Trying to Embed ERM Thinking Deeper in Your Organization?

Extending the Reach of ERM: Techniques for Engaging More Employees
Angela Hoon

Jan 17, 2019

Analyzing Root Causes of Risks

Angela Hoon, Executive Director of Strategic Risk Management at General Motors talks about how her organization analyzes root causes of top risks in order to identify common triggers and points of interconnection.

Jan 8, 2019

The Value Proposition for ERM: From Intangible to Tangible

This case study, The Value Proposition for ERM: From Intangible to Tangible, provides great examples of ways that ERM has added value at six different companies.

Jan 4, 2019

Recognizing the Shamrock Organization and Emerging Risks It May Create

When you think about your organization’s workforce and its related talent needs, there are a number of dynamics to consider. We have all heard about the Millennials and we are beginning to learn about the group that follows them - often referred to as the iGeneration or the Homeland Generation - who bring different skills and expectations to the workforce. Organizations are experiencing the graying of their talent as the boomers are aging. Unprecedented advancements in technology, including the impact with artificial intelligence and digital transformation, are changing how organizations develop and deliver products or services. These developments along with record low unemployment are intensifying skill shortages. And a company named Uber has taught us about the new Gig economy. How will these trends impact the workforce structure for organizations, thereby introducing new types of emerging risks for executives and boards to consider?
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.
Rob Gould

Jul 11, 2018

Conducting Black Swan Workshops

Rob Gould, Director, Internal Audit at Harley-Davidson talks about conducting Black Swan workshops.