Disruptive Innovation: Obtaining Funding to Set your Company Apart

We take things like electricity, automobiles, and TV for granted today, but in their time, they represented disruptive innovations that transformed work, leisure, and family life. Disruptions like this have not slowed down; in fact, their pace and magnitude continue to grow. Consider that when telephone was invented in the mid-1870s, it took nearly 70…
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Building a Performance-Focused Risk Management Process Requires a Strong Foundation

For today’s post, I would like to share the first in a series of four guest articles published in The Demotech Difference, a quarterly publication that discusses issues affecting the property and casualty insurance industry. Regardless of your industry, instability, uncertainty, and change are becoming more pronounced with each passing day it seems. Companies need…
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ERM for Small and Midsize Business: It’s Just NOT the Same

We’ve all heard it from politicians and the press, but it’s true – small and midsize business (SMB) constitutes the lion’s share of the economy. They account for 64% of new jobs created in the U.S. and over 90% of the “business population” according to this report. Gartner defines small businesses as those firms with…
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Using Monte Carlo Simulation to Support Decision-Making

My first interview with Hans Læssøe last month covered a wide-range of topics, including background on what led Hans’ former company to adopt ERM and a few factors key to its success. In this interview, we discuss a topic I’ve touched on briefly in previous articles but haven’t elaborated on much, until now. Monte Carlo…
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