organizational change

How to Move Past “Analysis Paralysis” – 5 Steps for Leaders

By Carol Williams / July 8, 2022 /

For this Independence Day week’s post, I would like to share the following article written for the most recent quarterly issue of Carrier Management, a journal exploring issues affecting executives of property & casualty insurance companies. (However, like previous guest articles in Carrier Management and elsewhere, this article can easily be applied to company leaders…

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5 Simple Questions for Assessing the Effectiveness of ERM Processes

By Carol Williams / December 9, 2021 /

It’s hard to believe that we’re nearing the end of 2021! Whether it’s improving health, changing eating habits, or some other goal, the New Year always represents a great opportunity for a fresh start. A company’s ERM processes are no different… The end of the year represents an ideal time to take a step back…

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6 Ways to Improve your ERM Program’s Scalability

By Carol Williams / September 1, 2021 /

Regardless of whether it’s an exercise program or business endeavor, there’s a certain energy and excitement when starting something new. We work with great anticipation of the benefits our efforts will bring. But as the old Proverb originally coined in the Robert Burns poem To a Mouse says, “the best laid plans of mice and…

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implementers

Ignoring Implementers of Strategic Decisions – Why It’s Risky and How to Fix It

By Carol Williams / July 28, 2021 /

“A chain is only as strong as its weakest link.” We’ve all heard this idiom that first appeared in Thomas Reid’s “Essays on the Intellectual Powers of Man” published in 1786. The phrase is commonly used to describe organizations or groups and how they are only as strong as the weakest or laziest member. By…

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Taking a Growth Pause: Preparing for Long-Term Success

By Carol Williams / June 3, 2021 /

For this week’s post, I would like to share a guest article published in Carrier Management, a quarterly journal targeting P&C insurance executives. Like previous guest editorials, this article was written with a specific industry in mind, but the contents are applicable to any organization. When a company is in its infancy, the main focus…

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When Organizational Culture Fails….

By Carol Williams / November 26, 2018 /

A recent Business Insider article on Uber’s self-driving car incident goes in-depth into the culture of the company. Uber has been going through changes for over a year, beginning with the CEO being fired in 2017 amid charges of sexual harassment claims throughout the company. Uber has been focused on developing a self-driving car in…

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risk reduction

Risk Reduction – A Response Strategy for Decreasing the Impact of Potential Risk Events

By Carol Williams / November 19, 2018 /

If the popularity of my article from early 2017 outlining risk response strategies is any indication, organizations spend a lot of time thinking about the best way to address a particular risk. This popularity is the reason why I want to give risk professionals a more thorough understanding of each of the 4 response strategies…avoid,…

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Explaining the Why of Enterprise Risk Management

By Carol Williams / November 12, 2018 /

During the North Carolina State University’s ERM Roundtable Summit this fall, one of the topics of conversation focused on how to involve more people from across the organization in ERM. During this discussion, we were all asked, “how many of you have talked extensively about ‘what ERM is’ and explained ‘we are conducting surveys, interviews,…

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risk literacy

Four Ways to Strengthen Risk Literacy in Your Organization

By Ashley / August 28, 2018 /

Math is not my strong suit. I feel more at ease at the keyboard, weaving words together. That’s not to say I’m terrible at math. In fact, I passed a rigorous calculus course in high school, and I actually enjoyed business statistics. But those days are in the distant past, and I rarely have occasion…

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Was Organizational Culture the Key Driver in the Collapse of a Major Company?

By Carol Williams / May 21, 2018 /

A large (~5£ billion) publicly traded construction company, Carillion, collapsed earlier this year after months of ignored financial warnings. In fact, because of the size of the organization and how this all went down, the UK Parliament conducted an in-depth investigation into the collapse. The report of the Parliament investigation is quite interesting. It starts…

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