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Poole College of Management
Enterprise Risk Management Initiative

Briefs and Insights

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.

Mar 6, 2018

The Risks of Persuasion

Jeff Pollack, the Lynn T. Clark II Distinguished Professor of Entreprenuership at NC State University, shares his insights about the art of persuasion, which may be particularly relevant for ERM leaders as they promote the value of risk management within their organizations.

Sep 14, 2017

Managing Risks of Using Teams Through 3D Team Leadership

Dr. Brad Kirkman, General (Ret.) H. Hugh Shelton Distinguished Professor of Leadership NC State University Poole College of Management, discusses the impacts of 3D Team Leadership.

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…

Jun 27, 2017

What is More Important for Creating Successful Teams, Design or Coaching?

   Dr. Brad Kirkman, General (Ret.) H. Hugh Shelton Distinguished Professor of Leadership, NC State University Poole College of Management. His research focuses on leadership, international management, virtual teams, and work…

May 16, 2017

Why Teams Often Make Riskier Decisions Than Individuals (and What You Can Do About It)

Dr. Brad Kirkman, General (Ret.) H. Hugh Shelton Distinguished Professor of Leadership, NC State University Poole College of Management, Shares his insights about how decisions made by teams may actually introduce more risks than when decisions are made individually. He also provides tips for how to counter that concern.

Feb 1, 2017

Enterprise Risk Intelligence and its Importance

Enterprise risk intelligence represents the knowledge required to appropriately and successfully apply an enterprise risk management (ERM) program. ERM programs have many known benefits; however, too few organizations successfully utilize risk programs. This article discusses the importance and benefits of ERM and follows with a study discussing why ERM today is immature, the barriers against implementing ERM, and solutions to deploy ERM.

Feb 1, 2017

Riskiness of Incentive Compensation Plans

Reassessing existing incentive compensation plans has become a more significant and common agenda for many corporations. It has become increasingly evident that these incentive plans have driven questionable employee behavior and resulted in damaging consequences and reputations for businesses. The responsibility of many boards of directors now includes the assessment of whether there are proper processes in place to identify and mitigate the potential risks that come with these incentive compensation programs. This article from Deloitte discusses in detail their recommendations for how boards and compensation committees should conduct these risk reviews.

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.

May 25, 2016

The Bow-Tie Analysis: A Multipurpose ERM Tool

Bonnie V. Hancock, Executive Director of North Carolina State University's ERM Initiative, discusses The Bow-Tie Analysis, a multi-purpose ERM tool.