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Major projects typically add significant operational, financial, reputational, and regulatory risk to an organization’s overall risk profile. This project risk may by itself exceed the normal level of organizational risk leaders are accustomed to dealing with. Consequently, these strategic projects demand the implementation of risk identification, monitoring, mitigation, and control activities. Corporate Risk Analysis, Management, and Mitigation. MORE
Dave Yarin is a compliance and risk management consultant to senior management and directors of large and mid-size companies, and author of the soon to be published book, Fair Warning – The Information Within. This week, Yarin shared with me insights into compliance and risk management, his forthcoming book, and leadership. How does a compliance and risk management consultant help senior managers of large and mid-size companies? MORE
However, it’s also highly likely that you haven’t spent as much time sussing out the potential risks that could damage or stunt your company’s growth. The earlier you decide to instigate risk management into your business processes, the better. Other forms of equipment are CCTV, to monitor the premises and alert you if there is a risk that could be detrimental to your business activities. Risk Management business management strategydriven MORE
Reader Submission risk risk managementWe've Moved! Update your Reader Now. This feed has moved to: [link] If you haven't already done so, update your reader now with this changed subscription address to get your latest updates from us. link]. MORE
It will help you retain in-demand workers and protect you from legal risk. Managing organizations Operations Risk management Digital Article MORE
PG&E could still have conducted intelligent risk management in the interest of its own shareholders. Federal Emergency Management Agency's post-Katrina updated material on incident management systems , which includes free online training. Buck-Passing Risk" can be measured in two ways. First, the process risk tracked by metrics such as organizational tolerance for poor clarity in roles, accountability, transparency and limited depth of analysis. MORE
Risk Management business management Cybercrime Network Security strategydrivenYour business is constantly in danger. It might not be imminent, and it might be through no fault of your own, but you’ve got to make sure that you are protecting it. MORE
Risk management Digital ArticleLessons from Switzerland’s electricity network. MORE
Recently, I was asked if Connection Cultures reduce risks faced by organizations. Connection Reduces Accident Risk. Connection Reduces Liability Risk. Connection Reduces Reputational Risk. Becky Powell-Schwartz, a crisis communications expert at The Powell Group in Dallas, Texas, has helped me see how Connection Cultures reduce an organization’s reputational risk. Volkswagen’s senior management has said they were unaware of the misconduct. MORE
Most people think of risk management as an insurance policy, the price paid to help prevent potentially negative outcomes from being realized by their company. Such a view leads to the conclusion that risk management is a business expense with a highly subjective value proposition. We at StrategyDriven would suggest the insurance view of risk management is far too narrow. Quantifying organizational risks. Setting up effective risk oversight, and. MORE
Present hazards beyond immediate financial risks; jeopardizing people’s lives and long-term health and damaging the environment. Traditional emergency response plans prescribe methods for responding to predictable events but are unlikely to adequately cover all Black Swan event conditions and situation-management needs. You just finished reading Risk Management - Protocols for Responding to Unexpected, Catastrophic Black Swan Events ! MORE
Deploying an operational risk management program that does the intended job remains a challenge for many businesses today. Another problem companies face today involves the funding of the operational risk management strategy consistently. Risk Accountability at All Levels. MORE
Most think of risk management as an insurance policy, the price paid to help prevent potentially negative outcomes. Such a view leads to the conclusion that risk management is a business expense with a highly subjective value proposition. Risk management, however, offers companies a great deal of value and StrategyDriven would suggest the insurance view is far too narrow. You just finished reading Risk Management - Value of Effective Risk Management ! MORE
A certain amount of risk comes with the territory when you own a business. It is unavoidable, but that does not mean that the risk cannot be managed or effectively minimized. Figure Out How to Weigh Business Risk. Risk Management business management strategydriven MORE
For far too long, managing risk has been seen as an esoteric business function — designed to control losses and adhere to compliance standards. But as more organizations fall prey to complex intangible risks, from unwanted disclosure due to rampant cyber threats to breaches of conduct driven by skewed incentive systems, the aperture of risk management is expanding from protecting the balance sheet to promoting ethical leadership and values-based decision making. MORE
Enterprise Risk Management (ERM) Healthcheck. Minimize total cost of risk. Click here for more information on Enterprise Risk Management (ERM) Healthcheck. You just finished reading Complimentary Resource - Enterprise Risk Management (ERM) Healthcheck ! Complimentary Resources business management business risk tool enterprise risk management strategydriven Zurich Financial Services MORE
This oversight takes many forms from internal audits, self-assessments, management observations, and quality checkpoints embedded within the processes themselves. These points of oversight, however, may individually fall short from providing fully effective compliance risk assurance. You just finished reading Risk Management Best Practice 2 - Integrated Risk Assurance Oversight Matrix ! Complimentary Resource – Enterprise Risk Management (ERM) Healthcheck. MORE
Enterprise Risk Management (ERM) Healthcheck. Minimize total cost of risk. Click here for more information on Enterprise Risk Management (ERM) Healthcheck. You just finished reading Complimentary Resource - Enterprise Risk Management (ERM) Healthcheck ! Relate Articles: Complimentary Resource – Enterprise Risk Management (ERM) Healthcheck. Complimentary Resource – Strategy Guide to Risk Mitigation for Mid-Size Businesses. MORE
All organizations face a host of risks incurred during the conduct of day-to-day business operations and stakeholder interactions. These risks challenge executives and managers in so far as they can have consequentially negative impacts on the organization’s ongoing sustainability from an operational, financial, reputational, and regulatory perspective. Risk = Probability of an adverse event’s occurrence times the severity of the event’s impact should it occur. MORE
StrategyDriven is proud to announce the launch of a risk management resource forum; providing innovative thought leadership and collaboration opportunities to help leaders effectively address their most pressing operational risks. Integrated Enterprise Risk Assurance Mapping – visualization of the relationships between enterprise risks and their associated processes while concurrently revealing the degree of oversight applied to these processes. MORE
The post Risk Management – Principles for Responding to Unexpected, Catastrophic Black Swan Events appeared first on StrategyDriven. Risk Management black swan event business leadership business management business risk management catastrophic event event management event response risk management strategydriven MORE
The greatest risk we face today is the loss of […]. We are all faced with unprecedented times while battling this global battle against the Covid Virus. MORE
Risk management has always been an essential pillar of managing a successful company. He points out that the world knew about the risk of a global pandemic but instead chose it to ignore it. Risk management, therefore, needs to change fundamentally. MORE
Reputation risk management is hot. MORE
Operational Risk Management. Without a consistent way to manage people, assets, and process safety, companies are more susceptible to risks that drive up costs and can cause serious incidents. You must proactively manage and reduce operational risk, but it requires discipline. How to manage operational risks while delivering return on investment? Click here for more information on Operational Risk Management. MORE
Operational Risk Management : How Best-in-Class Manufacturers Improve Operating Performance with Proactive Risk Reduction. The concept of Operational Risk Management is about creating a framework that will help executives, employees on the plant floor, and maintenance personnel understand and manage the risks impacting their organization, establish processes to effectively address these risks, and implement procedures for corrective and preventative actions. MORE
Each organization faces a unique set of risks challenging the continuity of its operations. All risks, however, are not equal. In order for an organization’s leaders to economically manage their business’s risks, they must first understand each risk’s inherent and residual value. Corporate Risk Analysis, Management, and Mitigation. We help reduce corporate risk exposure through an independent assessment of your enterprise risk programs. MORE
Risk Management Accident Compensation business management No-Fault Insurance Personal Injury Insurance strategydrivenAlthough Kansas is a relatively road safe state, knowing what to do if the worst happens is quite important in keeping you and others safe. MORE
You just finished reading Risk Management Best Practice 3 - Procedure Annotation and Commitment Tracking ! Premium Procedure Development Risk Management business leadership business management operational risk management procedure development risk management strategydrivenMaintaining compliance with regulatory requirements, industry guidelines, and organizational commitments is the responsibility of every employee. MORE
Risk Management business management health and safety strategydrivenWhen it comes to creating a safe and positive working environment, you’re always going to need to stay ahead of the curve. MORE
Managers and people in higher positions, in general, are always looking for ways to improve bottom-line operations and minimize the risks. Risk management helps them stay on top of the market challenges and trends in the relevant industry. More Precise Risk Models. MORE
Backup is about being there and facilitating the taking of risks. A team member in an innovative environment will by the very nature of the task need to take calculated risks. Especially when a team member takes a risk and it doesn’t pan out, the way you deal with this is crucial. If you choose to dress-down the team member, you are teaching them not to take risks. How do you lead your team in today’s organization? MORE
Boards Risk management Security & privacy Sponsor ContentSponsor content from Code42. MORE
During the time I served as a pathologist and Deputy Coroner in Los Angeles, I learned to look past the disaster-of-the-moment to the root causes of a crisis so that others can avoid a similar fate. A sign, above a double doorway at the end of a hallway, announced in Latin, “Mortui Vivos Docent.” MORE
All enterprises face a unique set of risks that threatens long-term organizational success and viability. Like corporate level performance measures, it can be difficult to readily ‘see’ the day-to-day activities that initiate, amplify, or mitigate these risks. Mapping corporate risks to the line organization’s executable processes illuminates the risk related activities so they can be appropriately monitored and managed. MORE
” Growth strategy Risk management Crisis management Managing organizations Digital ArticleLessons from the company’s “Future Unit.” MORE
Security & privacy Technology Risk management Digital ArticleThe SolarWinds hack highlights the importance of vetting your vendors. MORE
An MBA student once asked me to give her a simple explanation of the "risk management function." After a few minutes of fumbling, I told her that risk management is the process of identifying, prioritizing, and mitigating the impact of unforeseen (and usually negative) events. Her question got me thinking about who is actually responsible for managing risk in an organization. budgetary risks (how do we get our work done if the budget is cut?); MORE
For years, companies have been pouring money into people, processes, and technology that can help them manage risk. Most have done a great job of containing their financial reporting and compliance risks. But what about the more strategic risk areas, such as those related to emerging market entry or acquisition growth strategies? At the same time, they are effectively containing financial reporting and compliance risks. MORE
Failing to adequately prepare for adverse events places an organization at significant risk. While it is impossible, if not impractical, to prepare for every eventuality, leaders sometimes ignore seemingly obvious risks. For over twenty years, he has served as trusted advisor to executives and managers at dozens of Fortune 500 and smaller companies in the areas of management effectiveness, organizational development, and process improvement. MORE
Consequently, executive and manager attention and financial support may be disproportionately applied to the capital project(s), particularly in the event of overruns, at the detriment of problem resolution at the organization’s other operating assets. This performance decline results from management’s preoccupation with the large capital project(s) and inattention to the needs of operational assets/units. Corporate Risk Analysis, Management, and Mitigation. MORE
Risk management Accounting Digital ArticleThree strategies for boards. MORE
Every organization is challenged by risks manifest through its many different day-to-day operations. To help monitor and manage these risks, most organizations employ groups providing performance and compliance risk assurance so that significantly adverse consequences are avoided. These groups typically carry out their function through the conduct of periodic, in-depth assessments of those areas representing the highest risk to the company. MORE
By the nature of their work, people at The University of California, where I serve as Chief Risk Officer, are risk takers. Their risk appetite is amplified by an urgency or impatience to "get the job done," a belief that they have all the information they need and therefore don't need the assistance or interference of others, and a feeling that if all of the potential risks were uncovered, they would not be allowed to proceed. UC manages three U.S. MORE
Risk Management Related Topics Strategy Driven
MAY 13, 2020
A certain amount of risk comes with the territory when you own a business. It is unavoidable, but that does not mean that the risk cannot be managed or effectively minimized. Figure Out How to Weigh Business Risk. Risk Management business management strategydriven
CEO Insider
MARCH 24, 2020
During the time I served as a pathologist and Deputy Coroner in Los Angeles, I learned to look past the disaster-of-the-moment to the root causes of a crisis so that others can avoid a similar fate. A sign, above a double doorway at the end of a hallway, announced in Latin, “Mortui Vivos Docent.”
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Harvard Business
JANUARY 25, 2021
Risk management Digital ArticleLessons from Switzerland’s electricity network.
CEO Insider
MARCH 29, 2020
The greatest risk we face today is the loss of […]. We are all faced with unprecedented times while battling this global battle against the Covid Virus.
Michael Lee Stallard
FEBRUARY 20, 2016
Recently, I was asked if Connection Cultures reduce risks faced by organizations. Connection Reduces Accident Risk. Connection Reduces Liability Risk. Connection Reduces Reputational Risk. Becky Powell-Schwartz, a crisis communications expert at The Powell Group in Dallas, Texas, has helped me see how Connection Cultures reduce an organization’s reputational risk. Volkswagen’s senior management has said they were unaware of the misconduct.
Strategy Driven
APRIL 14, 2020
Managers and people in higher positions, in general, are always looking for ways to improve bottom-line operations and minimize the risks. Risk management helps them stay on top of the market challenges and trends in the relevant industry. More Precise Risk Models.
Strategy Driven
MAY 11, 2020
Risk management has always been an essential pillar of managing a successful company. He points out that the world knew about the risk of a global pandemic but instead chose it to ignore it. Risk management, therefore, needs to change fundamentally.
Strategy Driven
JULY 3, 2013
All organizations face a host of risks incurred during the conduct of day-to-day business operations and stakeholder interactions. These risks challenge executives and managers in so far as they can have consequentially negative impacts on the organization’s ongoing sustainability from an operational, financial, reputational, and regulatory perspective. Risk = Probability of an adverse event’s occurrence times the severity of the event’s impact should it occur.
Strategy Driven
FEBRUARY 28, 2012
Most think of risk management as an insurance policy, the price paid to help prevent potentially negative outcomes. Such a view leads to the conclusion that risk management is a business expense with a highly subjective value proposition. Risk management, however, offers companies a great deal of value and StrategyDriven would suggest the insurance view is far too narrow. You just finished reading Risk Management - Value of Effective Risk Management !
Harvard Business
NOVEMBER 13, 2020
Risk management Accounting Digital ArticleThree strategies for boards.
CEO Insider
DECEMBER 10, 2019
Reputation risk management is hot.
Strategy Driven
FEBRUARY 3, 2020
Risk Management Accident Compensation business management No-Fault Insurance Personal Injury Insurance strategydrivenAlthough Kansas is a relatively road safe state, knowing what to do if the worst happens is quite important in keeping you and others safe.
Strategy Driven
JANUARY 22, 2016
Most people think of risk management as an insurance policy, the price paid to help prevent potentially negative outcomes from being realized by their company. Such a view leads to the conclusion that risk management is a business expense with a highly subjective value proposition. We at StrategyDriven would suggest the insurance view of risk management is far too narrow. Quantifying organizational risks. Setting up effective risk oversight, and.
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Strategy Driven
JULY 8, 2012
Operational Risk Management. Without a consistent way to manage people, assets, and process safety, companies are more susceptible to risks that drive up costs and can cause serious incidents. You must proactively manage and reduce operational risk, but it requires discipline. How to manage operational risks while delivering return on investment? Click here for more information on Operational Risk Management.
Eric Jacobson
OCTOBER 23, 2014
Dave Yarin is a compliance and risk management consultant to senior management and directors of large and mid-size companies, and author of the soon to be published book, Fair Warning – The Information Within. This week, Yarin shared with me insights into compliance and risk management, his forthcoming book, and leadership. How does a compliance and risk management consultant help senior managers of large and mid-size companies?
Strategy Driven
JULY 2, 2013
Each organization faces a unique set of risks challenging the continuity of its operations. All risks, however, are not equal. In order for an organization’s leaders to economically manage their business’s risks, they must first understand each risk’s inherent and residual value. Corporate Risk Analysis, Management, and Mitigation. We help reduce corporate risk exposure through an independent assessment of your enterprise risk programs.
Strategy Driven
JULY 10, 2013
StrategyDriven is proud to announce the launch of a risk management resource forum; providing innovative thought leadership and collaboration opportunities to help leaders effectively address their most pressing operational risks. Integrated Enterprise Risk Assurance Mapping – visualization of the relationships between enterprise risks and their associated processes while concurrently revealing the degree of oversight applied to these processes.
Strategy Driven
APRIL 8, 2014
Failing to adequately prepare for adverse events places an organization at significant risk. While it is impossible, if not impractical, to prepare for every eventuality, leaders sometimes ignore seemingly obvious risks. For over twenty years, he has served as trusted advisor to executives and managers at dozens of Fortune 500 and smaller companies in the areas of management effectiveness, organizational development, and process improvement.
Strategy Driven
OCTOBER 1, 2013
Every organization is challenged by risks manifest through its many different day-to-day operations. To help monitor and manage these risks, most organizations employ groups providing performance and compliance risk assurance so that significantly adverse consequences are avoided. These groups typically carry out their function through the conduct of periodic, in-depth assessments of those areas representing the highest risk to the company.
Strategy Driven
JANUARY 26, 2016
The post Risk Management – Principles for Responding to Unexpected, Catastrophic Black Swan Events appeared first on StrategyDriven. Risk Management black swan event business leadership business management business risk management catastrophic event event management event response risk management strategydriven
Harvard Business
NOVEMBER 8, 2016
For far too long, managing risk has been seen as an esoteric business function — designed to control losses and adhere to compliance standards. But as more organizations fall prey to complex intangible risks, from unwanted disclosure due to rampant cyber threats to breaches of conduct driven by skewed incentive systems, the aperture of risk management is expanding from protecting the balance sheet to promoting ethical leadership and values-based decision making.
Strategy Driven
FEBRUARY 2, 2016
Present hazards beyond immediate financial risks; jeopardizing people’s lives and long-term health and damaging the environment. Traditional emergency response plans prescribe methods for responding to predictable events but are unlikely to adequately cover all Black Swan event conditions and situation-management needs. You just finished reading Risk Management - Protocols for Responding to Unexpected, Catastrophic Black Swan Events !
Strategy Driven
SEPTEMBER 11, 2011
Enterprise Risk Management (ERM) Healthcheck. Minimize total cost of risk. Click here for more information on Enterprise Risk Management (ERM) Healthcheck. You just finished reading Complimentary Resource - Enterprise Risk Management (ERM) Healthcheck ! Complimentary Resources business management business risk tool enterprise risk management strategydriven Zurich Financial Services
Strategy Driven
MARCH 13, 2012
You just finished reading Risk Management Best Practice 3 - Procedure Annotation and Commitment Tracking ! Premium Procedure Development Risk Management business leadership business management operational risk management procedure development risk management strategydrivenMaintaining compliance with regulatory requirements, industry guidelines, and organizational commitments is the responsibility of every employee.
Strategy Driven
JANUARY 3, 2012
This oversight takes many forms from internal audits, self-assessments, management observations, and quality checkpoints embedded within the processes themselves. These points of oversight, however, may individually fall short from providing fully effective compliance risk assurance. You just finished reading Risk Management Best Practice 2 - Integrated Risk Assurance Oversight Matrix ! Complimentary Resource – Enterprise Risk Management (ERM) Healthcheck.
Strategy Driven
JULY 9, 2013
Major projects typically add significant operational, financial, reputational, and regulatory risk to an organization’s overall risk profile. This project risk may by itself exceed the normal level of organizational risk leaders are accustomed to dealing with. Consequently, these strategic projects demand the implementation of risk identification, monitoring, mitigation, and control activities. Corporate Risk Analysis, Management, and Mitigation.
Strategy Driven
JUNE 24, 2012
Enterprise Risk Management (ERM) Healthcheck. Minimize total cost of risk. Click here for more information on Enterprise Risk Management (ERM) Healthcheck. You just finished reading Complimentary Resource - Enterprise Risk Management (ERM) Healthcheck ! Relate Articles: Complimentary Resource – Enterprise Risk Management (ERM) Healthcheck. Complimentary Resource – Strategy Guide to Risk Mitigation for Mid-Size Businesses.
Strategy Driven
OCTOBER 15, 2013
Consequently, executive and manager attention and financial support may be disproportionately applied to the capital project(s), particularly in the event of overruns, at the detriment of problem resolution at the organization’s other operating assets. This performance decline results from management’s preoccupation with the large capital project(s) and inattention to the needs of operational assets/units. Corporate Risk Analysis, Management, and Mitigation.
Strategy Driven
JUNE 16, 2013
Operational Risk Management : How Best-in-Class Manufacturers Improve Operating Performance with Proactive Risk Reduction. The concept of Operational Risk Management is about creating a framework that will help executives, employees on the plant floor, and maintenance personnel understand and manage the risks impacting their organization, establish processes to effectively address these risks, and implement procedures for corrective and preventative actions.
Strategy Driven
DECEMBER 20, 2011
All enterprises face a unique set of risks that threatens long-term organizational success and viability. Like corporate level performance measures, it can be difficult to readily ‘see’ the day-to-day activities that initiate, amplify, or mitigate these risks. Mapping corporate risks to the line organization’s executable processes illuminates the risk related activities so they can be appropriately monitored and managed.
Strategy Driven
JUNE 7, 2021
Deploying an operational risk management program that does the intended job remains a challenge for many businesses today. Another problem companies face today involves the funding of the operational risk management strategy consistently. Risk Accountability at All Levels.
Women on Business
JULY 16, 2018
Reader Submission risk risk managementWe've Moved! Update your Reader Now. This feed has moved to: [link] If you haven't already done so, update your reader now with this changed subscription address to get your latest updates from us. link].
Harvard Business
JUNE 17, 2021
” Growth strategy Risk management Crisis management Managing organizations Digital ArticleLessons from the company’s “Future Unit.”
Harvard Business Review
JUNE 29, 2012
For years, companies have been pouring money into people, processes, and technology that can help them manage risk. Most have done a great job of containing their financial reporting and compliance risks. But what about the more strategic risk areas, such as those related to emerging market entry or acquisition growth strategies? At the same time, they are effectively containing financial reporting and compliance risks.
Harvard Business
MAY 13, 2021
Security & privacy Technology Risk management Digital ArticleThe SolarWinds hack highlights the importance of vetting your vendors.
Harvard Business
JULY 12, 2021
It will help you retain in-demand workers and protect you from legal risk. Managing organizations Operations Risk management Digital Article
Harvard Business Review
JUNE 22, 2012
By the nature of their work, people at The University of California, where I serve as Chief Risk Officer, are risk takers. Their risk appetite is amplified by an urgency or impatience to "get the job done," a belief that they have all the information they need and therefore don't need the assistance or interference of others, and a feeling that if all of the potential risks were uncovered, they would not be allowed to proceed. UC manages three U.S.
Harvard Business Review
OCTOBER 25, 2011
PG&E could still have conducted intelligent risk management in the interest of its own shareholders. Federal Emergency Management Agency's post-Katrina updated material on incident management systems , which includes free online training. Buck-Passing Risk" can be measured in two ways. First, the process risk tracked by metrics such as organizational tolerance for poor clarity in roles, accountability, transparency and limited depth of analysis.
Harvard Business Review
MAY 3, 2011
An MBA student once asked me to give her a simple explanation of the "risk management function." After a few minutes of fumbling, I told her that risk management is the process of identifying, prioritizing, and mitigating the impact of unforeseen (and usually negative) events. Her question got me thinking about who is actually responsible for managing risk in an organization. budgetary risks (how do we get our work done if the budget is cut?);
Lead Change Blog
OCTOBER 8, 2019
Backup is about being there and facilitating the taking of risks. A team member in an innovative environment will by the very nature of the task need to take calculated risks. Especially when a team member takes a risk and it doesn’t pan out, the way you deal with this is crucial. If you choose to dress-down the team member, you are teaching them not to take risks. How do you lead your team in today’s organization?
Strategy Driven
JULY 3, 2021
Risk Management business management health and safety strategydrivenWhen it comes to creating a safe and positive working environment, you’re always going to need to stay ahead of the curve.
Harvard Business
JUNE 25, 2021
Boards Risk management Security & privacy Sponsor ContentSponsor content from Code42.
Strategy Driven
JANUARY 21, 2021
Risk Management business management Cybercrime Network Security strategydrivenYour business is constantly in danger. It might not be imminent, and it might be through no fault of your own, but you’ve got to make sure that you are protecting it.
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