current events

Multi-Decade High Inflation Creates Both Risks and Opportunities

By Carol Williams / May 3, 2022 /

Back at the beginning of 2021, I explored the gathering storm clouds of inflation and whether it was going to become an issue for businesses and individuals in the year ahead. Very few were talking about it at the time, but signs were percolating that price inflation was indeed going to increase – the question…

Read More

Navigating Risks and Opportunities of the Changing Nature of Work

By Carol Williams / September 23, 2021 /

When the COVID pandemic forced many companies to shift to a remote work arrangement last year, it represented “…one of the greatest disruptions to work in generations.” This disruption forced both executives and workers to be more innovative, with companies spending over $300 billion last year on technology to facilitate working from home. The transition…

Read More
supply chain bottlenecks

7 Important Considerations for Addressing Supply Chain Bottlenecks and Shortages

By Carol Williams / July 14, 2021 /

To anyone paying attention, uncertainty is becoming more intense with each passing day it seems. And in this particular moment, supply chain bottlenecks and shortages are fueling much of this uncertainty. I think you’ll agree – besides seeing masks everywhere, one of the most visible and ubiquitous signs of the COVID-19 pandemic over the last…

Read More

Prove your Value to the CEO: Focus More on Big Picture Issues, Less on Process

By Carol Williams / June 17, 2021 /

Too often, we get so consumed with the day-to-day that we forget to take a step back to look at the bigger picture. In our personal lives, this could take the form of being too hurried going from one thing to the next that we don’t stop for a moment and take time to just…

Read More

Finding the Right Talent for Understanding Uncertainty

By Carol Williams / April 21, 2021 /

I don’t particularly like discussing the coronavirus pandemic; it seems like the topic is pretty worn out, but for organizations of all types and sizes, the pandemic and governments’ response to it over the last year blew the lid of uncertainty wide open. Now it’s not that 2020 ushered in the age of uncertainty –…

Read More

3 Questions to Consider if Management Rejects Recommendations Due to Cost

By Carol Williams / March 3, 2021 /

Occasionally, I examine local or national events with a risk lens to see what went right and wrong, such as this example of poor vendor risk management in my local community. Doing so can help us better understand areas we may need to improve in our own organizations to avoid similar consequences. Quick Synopsis of…

Read More

ERM in the Spotlight

By Carol Williams / November 11, 2020 /

In times of great upheaval for industries or financial markets, organizations often turn to the formal discipline of enterprise risk management. After the 9/11 terrorist attacks and the 2008 financial crisis, for example, ERM gained traction as many organizations realized the significant drawbacks of a traditional siloed risk management approach. But widespread ERM adoption remains…

Read More
future of risk management

Is Quantitative the Only Future of Risk Management?

By Carol Williams / October 27, 2020 /

Quantitative methods for understanding how risk and uncertainty impacts the organization is a subject I’ve been focusing on more this year. Without a doubt, modeling, Monte Carlo simulation, and other advanced math-based methods can be a valuable tool for helping decision-makers in certain companies. Many risk management thought leaders, including some I quote often like…

Read More

Why Reactive Decision-Making Can Be Devastating and How to Improve It

By Carol Williams / May 12, 2020 /

In response to the coronavirus pandemic, companies are having to make hard choices on how to survive and thrive through this uncertain time. Instead of taking time to consider potential impacts of their options, too many companies are taking a very reactive approach to their decision-making. The book Decision Quality: Value Creation from Better Business…

Read More

8 Critically Important ERM Articles for Navigating Today’s New Reality

By Carol Williams / May 7, 2020 /

In this current environment, you want to make sure you are doing everything you can to ensure your company can not only weather the storm but emerge stronger on the other side. Just because many physical offices are closed doesn’t mean you should just sit on your hands waiting for things to open back up.…

Read More