future risks

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…

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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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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 –…

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signpost analysis

Signpost Analysis – An Easy Way to Anticipate Long-Term Risks

By Carol Williams / March 24, 2021 /

With information and other demands for our attention bombarding us each day, it can be hard to think about the long-term. As a growing number of examples show, ignoring long-term risks to strategic objectives can be devastating, especially considering the world of Volatility, Uncertainty, Complexity, and Ambiguity (VUCA) we find ourselves in. While discussing the…

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Will Inflation be a Gray-Rhino in 2021?

By Carol Williams / January 11, 2021 /

Soon after COVID-19 began affecting the U.S. last March, I spotted a brief article on LinkedIn from Hans Læssøe explaining how the pandemic was not a “black swan” event as some were saying but rather a “gray-rhino.” As you may know, a “black swan” is an unforeseen, improbable event, be it positive or negative, which…

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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.…

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fourth industrial revolution

How the Fourth Industrial Revolution will Reshape Risk Management

By Carol Williams / December 3, 2019 /

In the waning years of the 2010s, the term “fourth industrial revolution” is becoming a commonly heard phrase for describing the nature and pace of technological change expected to take place in the decades ahead.  Other terms to describe this include cyber or digital revolution. What makes this revolution unique is that it not only…

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The Future of ERM – Grooming the Next Generation

By Carol Williams / September 17, 2019 /

As ERM professionals, we are always looking toward the future. The core of our job is to ensure executives are making risk-informed decisions in establishing and pursuing strategic objectives. Our goal isn’t to avoid risk but to help companies take intelligent risks to ensure success. Since our profession should focus on the future, the recent…

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ERM and Economics – Making Organizations More Resilient in Difficult Times

By Nathan Williams / January 14, 2019 /

Upon reviewing a report from NC State discussing top risks for 2019, both Carol and I were surprised that an economic downturn was pretty far down the list of concern for executives. (As a quick side note, neither one of us are doomsday people thinking the sky is perpetually falling…) I know nobody wants to…

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Peak Car – Can ERM Help Automakers Adapt to a Growing Trend?

By Carol Williams / September 3, 2018 /

On occasion, I come across news articles that present a great opportunity to showcase how ERM can be a valuable tool in helping organizations adapt to change. Because let’s face it – any organization, be it for-profit or non-profit, must adapt to growing trends to ensure they remain relevant for the long haul. The best…

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