How often have you faced issues in effectively communicating a well formulated strategy to the right stakeholders? Understanding organizations’ strategic plan by all who are involved in the execution is as important as optimally creating it. A well-orchestrated process must be in place to facilitate better understanding of the strategy and the specific roles to be played by different teams. Unless the goals are understood clearly, chances are that you end up having a big gap between intended strategy and the realized strategy. Continue reading
Category Archives: Tips&Tools@Risk™
#153 – REPUTATION AND RISK – JIM KLINE PH.D.
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INTRODUCTION
Increasingly organizations, both public and private, are recognizing that what citizens, customers, shareholders, legislators, and the financial markets think about their integrity or competency has a significant impact. In a 2014 Global Survey on Reputation Risk a majority of the companies were concerned about situations beyond their control that could affect the reputation of their companies. Continue reading
#152 – CAN RISK MANAGEMENT EVEN BE EFFECTIVE – ALEXEY SIDORENKO
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Lately, everyone, from the government agencies to regulators to corporate board members, seem to be talking about the need for better, more effective risk management. The challenging part is that, despite the guidance provided in ISO 31000:2009, the concept of risk management effectiveness still remains vague. This article attempts to summarize the basic components of effective risk management which should help risk managers to respond to the challenges set by regulators and shareholders. Continue reading
#150 – SOCIAL RESPONSIBILITY IS THE NEW BLACK IN RISK – GREG CARROLL
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Even more than reputational risk or cyber risk, social unrest is lining up to be a greater disrupter than any other issue. From Brexit to ISIS to race relations, civil unrest is shaping up to have a profound impact on business. For the management of uncertainty on business objectives to be truly effective then risk needs to also include all items that disrupt the marketplace. As such, Social Responsibility is the primary strategy to ensure business resilience. Continue reading
#149 – MINIMIZING CAREER PATH RISK – JOHN AYERS
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Some people say take what you love in college. Problem is, not too many high school seniors know what they love. Others say college should be an intellectual journey. Problem is many degrees will not prepare you for the real world in terms of making a good living. I believe college is to prepare you for a career which can support you and a family down the road. If important, intellectual studies can take place outside of work using the internet. Continue reading