decision-making

Asserting the Answer – A Common Pitfall of Effective Problem Solving

By Carol Williams / March 18, 2022 /

You know what they say about assumptions, right? One particular quote from one of my favorite action movies, the Steven Seagal classic Under Siege 2: Dark Territory comes to mind, but it’s not appropriate to repeat here. Instead, we’ll turn to the brilliant Albert Einstein who is quoted as once saying… Assumptions are made and…

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3 Components of an Effective Risk Statement

By Carol Williams / February 25, 2022 /

Have you ever been given an assignment at work without clear instructions? It can be dizzying to try and figure out what your first steps to be. At best, it’s disconcerting not knowing if you’re on the right track, and at worst, you don’t even know what your desired end result should be or look…

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Risk & Strategy Visionary Shares Valuable Insights on Risk Appetite and Tolerance

By Carol Williams / January 27, 2022 /

It’s clear from commentary and my blog’s web traffic data that risk appetite is considered to be the most challenging and controversial parts of ERM. To learn more about these differing perspectives, I invite you to check out this article that includes commentary from various thought leaders. We are always trying to better understand the…

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Compliance vs. Risk Focused Software – Can One System Serve two Masters?

By Carol Williams / January 13, 2022 /

To save time, money, or both, many of us have the tendency to re-purpose tools and processes for something they weren’t originally intended for. Depending on the circumstances, this approach sometimes works … Take, for example, a client who uses a system called Jira designed for facilitating IT help requests. With a few tweaks, this…

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Carpe Futurum – Reorienting your Company’s View of Risk to Seize the Future

By Carol Williams / December 2, 2021 /

For this week’s post, I am sharing an article I wrote for the latest issue of Carrier Management, a quarterly journal for property & casualty insurance executives. Like previous guest editorials in this and other publications, the principles found within this article are applicable to any organization. Unless you have been living on Mars for…

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International Consultant Offers Insights for Helping Companies Improve Resiliency

By Carol Williams / November 18, 2021 /

Earlier in November 2021, I published a quick primer on the fundamentals of business resiliency… Extending on this topic, I am delighted to present the following interview with renowned risk and resilience consultant Gareth Byatt. Besides his firm, Risk Insight Consulting, where he helps companies across a variety of industries and locations, Gareth is also…

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5 Questions for Understanding the Fundamentals of Business Resiliency

By Carol Williams / November 4, 2021 /

One of our most treasured possessions on our property here in northern Florida are all the beautiful live oak trees with the one pictured above being the largest of them all. Although they can cause allergies in some people when they begin budding new leaves in the spring, residents and visitors alike treasure these trees…

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weighing risk

ERM Pioneer Shares Technique for Anticipating Long-Term Risks and Opportunities

By Carol Williams / September 29, 2021 /

Thinking about the long-term is not something we automatically do…after all, with the constant ups and downs and various trip wires out there, we feel that if we make it through the next year or even the next quarter, we can consider our corporate strategy a success. This mindset can be destructive in the long-term…

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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…

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How to Achieve Organizational Goals with Scenario Planning

By Carol Williams / September 8, 2021 /

For this week’s post, I would like to share an article written for Carrier Management, a quarterly journal targeting executives in the property & casualty insurance industry. Although examples are specific to the insurance industry, the advice and insights are applicable to any organization. Whether formally documented or not, every organization is going to have…

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