As stated in our article on not all risks are created equally, the relationship between decision-making and risk has been top of mind for me recently. When it comes to decision-making, one of the biggest enablers (but only when it is done well) is information. According to the book Decision Quality: Value Creation from Better […] The post 5 Information Sources for Risk-Aware Decision Making appeared first on Strategic Decision Solutions ..read more

Everyone in an organization, and I mean everyone from the CEO all the way to a janitor or courier, has a perspective or opinion on a given matter. It’s not that any one person is wrong; their opinion of a particular topic is just that – their opinion, based on a variety of factors like […] The post Not All Risks Are Created Equally appeared first on Strategic Decision Solutions ..read more

It’s official!! The Earth has made a complete orbit around the sun and we are in a new year. And being 2025 means we are now halfway through the 2020s decade. What a decade it’s been so far. As exciting and interesting as these times are, the numbers on the calendar also serve as a […] The post Top 25 Risk and Strategy Resources for 2025 appeared first on Strategic Decision Solutions ..read more

Without a doubt, one of my family’s favorite holidays is Christmas. Part of the fun, especially for our son, is seeing what “Santa” brought, but most importantly, we treasure the spirit of peace and goodwill the season brings. And after what seemed to be a never-ending warm spell, the weather is expected to be good […] The post The 12 Days of ERM Christmas appeared first on Strategic Decision Solutions ..read more

Who doesn’t love a top 10 list? They’re quick and easy to digest and can be informative or even entertaining… And when it comes to risk, there’s a plethora of top lists to choose from ranging from the World Economic Forum’s annual Global Risks Report to industry-specific lists like Aon’s Top Risks Facing Insurance Organizations. […] The post 5 Questions to Ask to Identify Your Company-Specific Top Risks appeared first on Strategic Decision Solutions ..read more

It’s amazing how much things can change… I know it’s a cliché that often gets repeated, including by us, that the world is changing faster than it ever has. The same can be said for enterprise risk management…or at least it should. While the world and the needs of business have changed much in the […] The post The Often-Forgotten Skills ERM Professionals Need to Be a Strategic Advisor appeared first on Strategic Decision Solutions ..read more

On occasion, I like to take some of the concepts we risk professionals think about in our jobs and apply them to different personal situations…some of the same concepts we use when working with executives to develop corporate strategy and manage risks or uncertainty around that strategy. It’s Thanksgiving week in the U.S. – the […] The post ERM at Thanksgiving – An Illustration of Objective-Centric Risk Management in Action appeared first on Strategic Decision Solutions ..read more

Tis the season… To be finalizing your company’s goals for the next 1-3 years, that is. With 2024 careening toward its conclusion, hopefully the company is ready to move from the strategic planning phase, or the what, into implementation, or the how. Without getting into too much detail, this is the point where the company […] The post 5 Reasons Why Communicating Strategic Priorities Should Be a Top Priority appeared first on Strategic Decision Solutions ..read more

Is your to-do list so long that you wish there were two or three of you? I know I do, but I also know how that would scare the daylights out of my family and my consulting team. The fact is there are only 24 hours in a day, and as both risk professionals and […] The post 8 Questions for Properly Analyzing and Prioritizing Risks to Objectives appeared first on Strategic Decision Solutions ..read more

Do you feel like starting a risk identification conversation is similar to opening a can of worms? Or opening Pandora’s box? Do you cringe at the thought of trying to herd the cats (or senior leaders) during the upcoming risk assessment workshop? I get it. Why? I’ve had these same feelings – dreading the unknown […] The post Avoid Stress and Anger by Properly Establishing Context for Risk Identification appeared first on Strategic Decision Solutions ..read more