strategic risk

The Importance of the First Five Minutes of Any Risk and Strategy Conversation

By Carol Williams / June 22, 2022 /

If there’s one thing I’ve learned writing articles for my risk and strategy blog is that considerable thought has to be put into the post’s title and opening lines. With a seemingly endless amount of content on the Internet, visitors will quickly whisk away if the title and intro to an article is not engaging…

Read More

8 Possible Consequences of Not Being Proactive in Risk Management

By Carol Williams / June 14, 2022 /

You don’t need to be a rocket scientist or have a crystal ball to know how chaotic today’s world is. Whether due to rising costs, supply disruptions, or some other industry-specific issue, companies across-the-board and around the world are experiencing unprecedented challenges, where the response/reaction will determine their course for the next decade or more.…

Read More

What Does Risk Identification Have to Do With Crime Dramas?

By Carol Williams / May 25, 2022 /

Anyone who knows me well knows how much I enjoy murder mystery TV shows and books. My personal bookshelf is loaded with novels from JD Robb, Tess Gerritsen, David Baldacci, and others. And IF I’m able to manage some TV time, something that is getting more difficult all of the time it seems, shows like…

Read More

One Fatal Error of KRIs and How to Avoid It

By Carol Williams / April 12, 2022 /

If you were to ask what constitutes a well-rounded, mature ERM program that delivers strategic value to the organization, many would say robust key risk indicators (KRIs) would certainly be at or near the top of the list. Writing in the book Enterprise Risk Management: Today’s Leading Research and Best Practices for Tomorrow’s Executives, Deloitte…

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

Another Baby Step in the Qualitative to Quantitative Risk Assessment Journey

By Carol Williams / February 17, 2022 /

To achieve success either as individuals or collectively as a group, we must resist the temptation to be stagnant and always seek improvement. A previous article where I discuss how to develop a growth mindset is one example of putting this idea into action. Kaizen, a Japanese term that literally translates to “continuous improvement,” is…

Read More
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…

Read More

Project vs. Portfolio Management – Avoiding a Common Trap with Strategic Initiatives

By Carol Williams / February 3, 2022 /

Now that we’re firmly in the New Year, strategic goals and objectives are set for 2022. Departments within the company are now working on projects and initiatives to help the company achieve these goals. Getting to this point is an accomplishment in its own right, but this is also where many strategic goals meet their…

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

Is Technology Enabling or Hindering your Organization’s Success?

By Carol Williams / November 11, 2021 /

Earlier this year, our risk consulting firm and blog celebrated its five-year anniversary…suffice it to say that it’s been a wild but quite fulfilling ride… When starting out as a solo-consultant and entrepreneur, I didn’t need much in terms of technology tools. Simple spreadsheets, local file storage, a free Zoom account (long before it was…

Read More