risk taking

scarcity mindset

How Scarcity Mindset Can Cripple Your Company’s Future

By Carol Williams / August 22, 2022 /

I don’t think it’s an understatement or cliché to say that the uncertainty gripping today’s business environment and overall economy is thick enough to cut with a knife. With inflation still stubbornly high and the odds of a recession increasing dramatically in recent months, companies are once again considering how to best navigate choppy waters.…

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5 Steps to Shifting Board Oversight from Operations and Risk to Strategy

By Carol Williams / July 20, 2022 /

Contrary to popular belief, a Board of Directors, Trustees, or whatever title fits the corporate culture are not only for publicly traded companies. Simply referred to as the Board by most, it can be defined broadly as “…a group of individuals either elected or appointed to provide organizational leadership and oversight.” Following the Enron scandal…

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ESG provides risk and opportunities

Does ESG Expose Additional Risks and Opportunities?

By Carol Williams / February 11, 2022 /

If you work with a publicly-traded company or otherwise follow financial news, you’re undoubtedly familiar with ESG, which can best be described as a “set of standards” for evaluating a company’s track record on an array of Environmental, Social, and Governance issues. Over the last decade or so, ESG has become a significant concern for…

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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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6 Steps to Building a Vibrant Performance-Focused Risk Culture

By Carol Williams / December 16, 2021 /

Even without the disruptions and displacements caused by the COVID-19 pandemic and various responses to it around the world, companies are experiencing an unprecedented amount of challenges that were unheard of as recently as a decade ago. Changing regulations, shifting consumer demands, rapidly evolving technology, and an overall uncertainty of what the future holds are…

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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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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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communicating risks

2 Keys to Effectively Communicating Risks to the Board

By Carol Williams / September 16, 2020 /

It’s getting to be that time of the year when many organizations have major board meetings to finalize plans and budgets for the next year. Considering this year’s unprecedented volatility, many Boards will naturally want to discuss risks facing the enterprise. While the topic of Boards and reporting risks have been peppered in past blog…

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ERM & audit

Understanding the Changing Dynamics between ERM & Audit

By Carol Williams / August 11, 2020 /

As is often repeated here and elsewhere, the world is changing at an incredibly fast pace. Even without this year’s coronavirus pandemic, this pace will only accelerate in the years and decades ahead as automation, AI, machine learning, and other technologies continue to develop. ERM and audit are not immune to this change… Internal auditors…

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