You’ve all been there, driving along knowing you can predictably change lanes with ease, when suddenly a car shows up in your blind spot. You swerve back to your lane and everyone in your car is startled to attention, wondering what happened and knowing you messed up. Or, you’re walking down the sidewalk, consumed by […]
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5 Quotes All Risk Leaders Should Live By
Quotes are collections of words that can transcend time creating literary legends in as few as one breath. Marcus Aurelius, Plato, Gandhi, Bukowski, Emerson, Hemingway, and even Gordon Gecko have given us quotes that make us think, motivate us to act, and even question the world around us. I have always been a sucker for […]
3 Analysis Models All Risk Leaders Should Know
Risk management is an integral part of any business however most of the time it is simply seen as an add-on process that is often shoved into a silo to be kept away from core business functions. Now, this is no fault of business leadership as risk management has a historical reputation of being a […]
Risk Management Tools to Monitor your Business
With digital technology becoming a permanent part of organizations, businesses are now more likely to run into technical errors and hence becoming more unpredictable. According to a report by McKinsey in December 2017, 70% of senior managers had started to implement risk management tools in their businesses. Even the best organizations have also faced unanticipated […]
5 Soft Skills All Risk Managers Need
Being a risk manager is a truly unique position within any organization. This specialized role requires specific technical and soft skills to be successful and to create a risk-aware culture that permeates at all levels of the business. A few of the most common skills related to risk management professionals include financial acumen, effective communication, […]
6 Must Read Risk Management Books for 2020
Risk management has evolved quite a bit in the last century, from a simple way of managing business risks to becoming a tool assisting business leaders with making smarter decisions involving uncertainty and its subsequent limitations. I have found through my studies and academic work that some of the best risk management books out there […]
Risk Matrices: Pros, Cons and Alternatives
Risk matrices (or risk heat maps) have been in existent for some time and have become a contested topic in the risk management community in recent years. Once heralded as a sophisticated way to visually map risk pertinent to an organization’s revenue-producing activities or the overall industry in which they exist, these tools do have […]
Operational Risks are a Global Focus in 2019
Protiviti and North Carolina State University’s ERM Initiative recently published their annual global risk report titled, Executive Perspectives on Top Risks 2019. This report focuses on the top risks executives are concerned could impact growth opportunities or create operational challenges in executing strategy. Here is the thirty thousand foot view, the global business environment is […]
