risk informed decision making

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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Risk Appetite

Risk Appetite: Bridging the Gap Between Two Extremes

By Carol Williams / October 21, 2021 /

If there’s one thing I have come to appreciate in my life, it’s how there can be so many perspectives and wildly differing opinions around a given topic, be it politics, religion, sports, or even something as inane road maintenance in a neighborhood association (don’t ask!). In the risk management world, few other topic garners…

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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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12 Resources to Help Guide Strategic Planning

By Carol Williams / August 19, 2021 /

As we near Labor Day and summer draws to a close, we’re also entering that time of year when organizations begin their strategic planning for the next calendar year. It seems that September and October are the best months for this important task since summer vacations are ending and the year-end holidays are still a…

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Qualitative vs. Quantitative Risk Assessment – Can There Be a Middle Road?

By Carol Williams / August 12, 2021 /

In my years as both a risk practitioner and ERM consultant, there has and continues to be intense debate around methods for assessing risks. (If you are unfamiliar with the meaning of qualitative and quantitative, this article provides a quick overview.) To illustrate this debate, take the following two comments from a previous article asking…

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risk response

5 Risk Response Strategies You Will Have to Consider After Assessing Risks

By Carol Williams / June 28, 2021 /

We can’t control what people say to us – we can only control our response. Risk and uncertainty are much the same I suppose… The original version of the following article has been one of the most popular here at my blog.. Like other popular posts, such as this comparison of traditional risk management and…

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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…

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5 Ways to Improve ERM’s Reputation with Executives

By Carol Williams / June 10, 2021 /

The COVID pandemic of the last year blew the lid of uncertainty wide open… And while restrictions are easing and many are returning to the office, this uncertainty shows no signs of abating. In fact, it will continue to intensify. Now this may seem like an incredible opportunity for ERM to help the Board, executives…

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10 Attributes that Made ERM Successful at the LEGO Group

By Carol Williams / May 19, 2021 /

LEGO is a timeless, classic toy line popular among kids and the young-at-heart, including here in our home. Building LEGO sets either as a themed set (e.g., Star Wars, fire station, airport) or creative imagination is something my son and I have enjoyed doing together for several years now. Just recently, he expressed his desire…

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