Risk and Control Self-Assessment – The How-To Details
Carol Williams
by Carol Williams
3w ago
A common tendency many of us share, both a personal and professional level, is that we as humans look outwardly to see or “assess” what can either help or hinder us from achieving our goals. When it comes to assessing risks in an organization, most commentary you will encounter will follow this tendency – risks […] The post Risk and Control Self-Assessment – The How-To Details appeared first on Strategic Decision Solutions ..read more
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ERM and Strategic Scenario Analysis: A New Way to Think About Innovation
Carol Williams
by Carol Williams
1M ago
What is the one thing iconic brands like Ford, BirdsEye, Google, Amazon, Uber and others have in common? They were all innovative, and not just at a low level or by incrementally improving existing products, services, or processes. No, what these and similar companies share is they fundamentally changed how things were done or created […] The post ERM and Strategic Scenario Analysis: A New Way to Think About Innovation appeared first on Strategic Decision Solutions ..read more
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Is Industry-Specific Knowledge a Must Have for Effective ERM?
Carol Williams
by Carol Williams
1M ago
In the majority of cases, industry or subject-matter knowledge or experience is a critical component to realizing a successful outcome. While the following ad campaign from Holiday Inn Express greeted us on our own TVs for years, no one in their right mind would want to go under the knife with someone who possesses no […] The post Is Industry-Specific Knowledge a Must Have for Effective ERM? appeared first on Strategic Decision Solutions ..read more
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Is Industry-Specific Knowledge a Must Have for Effective ERM?
Carol Williams
by Carol Williams
1M ago
In the majority of cases, industry or subject-matter knowledge or experience is a critical component to realizing a successful outcome. While the following ad campaign from Holiday Inn Express greeted us on our own TVs for years, no one in their right mind would want to go under the knife with someone who possesses no […] The post Is Industry-Specific Knowledge a Must Have for Effective ERM? appeared first on Strategic Decision Solutions ..read more
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AI and ERM: Working Well Together to Build Competitive Advantage
Carol Williams
by Carol Williams
1M ago
Artificial Intelligence, or AI, is a buzzword we keep hearing more and more these days. In fact, if I go a few hours without hearing it, I would be shocked. It’s not surprising when you consider that 77% of companies are either using or exploring how they can use AI in their businesses according to […] The post AI and ERM: Working Well Together to Build Competitive Advantage appeared first on Strategic Decision Solutions ..read more
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4 Steps to Integrating ERM into Vendor Management
Carol Williams
by Carol Williams
2M ago
No one, especially in these days and times, should discount the importance of vendors to their organization. Even if it were possible to handle everything internally, attempting to do would spread any company’s people way too thin. Regardless of the industry, geographic location, or sector, vendors represent an external dependency that consists of both upstream […] The post 4 Steps to Integrating ERM into Vendor Management appeared first on Strategic Decision Solutions ..read more
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7 Indicators that Signal an Economic Downturn is Brewing
Carol Williams
by Carol Williams
2M ago
Within the enterprise risk management (ERM) field, practitioners talk about using indicators to better understand when the environment, whether internal or external, is changing around a specific risk. Some company or industry-specific (i.e., micro) drivers of uncertainty like talent, technology advancements, or shifting consumer preferences are, with the right tools, relatively easy to understand and […] The post 7 Indicators that Signal an Economic Downturn is Brewing appeared first on Strategic Decision Solutions ..read more
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Strategic Initiative vs. Operational Project: Same or Different?
Carol Williams
by Carol Williams
3M ago
In my years of writing and talking about risk and strategy, one thing I’ve had to be careful about is making sure to use terms or phrases in their proper context or meaning. It’s common for us to use terms interchangeably that, upon closer examination, have different meanings. This often goes unnoticed, but in some […] The post Strategic Initiative vs. Operational Project: Same or Different? appeared first on Strategic Decision Solutions ..read more
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Do Your ERM Practices Need Updating?
Carol Williams
by Carol Williams
3M ago
When is the last time you rushed to the front of the line to get a root canal or pay a speeding ticket? I think it’s safe to say the answer is never… ERM is much the same way for many executives. The preference is to talk about operations, systems, strategy, and competitive advantage, not […] The post Do Your ERM Practices Need Updating? appeared first on Strategic Decision Solutions ..read more
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Yet Another Take and Surprising Twist on the Quantitative vs. Qualitative Debate
Carol Williams
by Carol Williams
4M ago
If there’s one thing I have come to appreciate about ERM, it’s the number of perspectives around a given topic and the intense debate that often ensues. I always enjoy learning what other people think about a given topic and why. In the ERM space, this means debates around risk assessment techniques (mostly), risk appetite, […] The post Yet Another Take and Surprising Twist on the Quantitative vs. Qualitative Debate appeared first on Strategic Decision Solutions ..read more
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