scenario planning

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…

Read More

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…

Read More
Current political events impacts supply chain resiliency

Impacts of Russia-Ukraine War Accentuate Need to Examine the Full Spectrum of the Supply Chain

By Carol Williams / March 4, 2022 /

Like many, I’m overjoyed when I see young children being inquisitive. During a family dinner last week, my 7-year old son became intrigued about his heavy-duty insulated plastic cup he was drinking out of. He asked my husband and I if we knew how they could get the logo inside the cup and then began…

Read More

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…

Read More

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…

Read More

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…

Read More
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…

Read More

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…

Read More
visual aids

Harnessing the Power of Visual Aids to Prompt Robust Risk Conversations

By Carol Williams / December 17, 2020 /

There’s a good chance – 65% in fact – that you are a visual learner. I personally put myself in this category. Rather than reading text or listening to instructions, I always perform better and remember more through visual aids, especially on a subject I’m not familiar with. Numerous research studies back up my personal…

Read More
future of risk management

Is Quantitative the Only Future of Risk Management?

By Carol Williams / October 27, 2020 /

Quantitative methods for understanding how risk and uncertainty impacts the organization is a subject I’ve been focusing on more this year. Without a doubt, modeling, Monte Carlo simulation, and other advanced math-based methods can be a valuable tool for helping decision-makers in certain companies. Many risk management thought leaders, including some I quote often like…

Read More