future risks Archives - Carol Williams

ERM and Economics – Making Organizations More Resilient in Difficult Times

Podcast: Play in new window | DownloadUpon reviewing a report from NC State discussing top risks for 2019, both Carol and I were surprised that an economic downturn was pretty far down the list of concern for executives. (As a quick side note, neither one of us are doomsday people thinking the sky is perpetually…

Peak Car – Can ERM Help Automakers Adapt to a Growing Trend?

On occasion, I come across news articles that present a great opportunity to showcase how ERM can be a valuable tool in helping organizations adapt to change. Because let’s face it – any organization, be it for-profit or non-profit, must adapt to growing trends to ensure they remain relevant for the long haul. The best…

Disruptive Innovation and Change Resistance: A Death Sentence or Opportunity?

NC State and Protiviti recently released a report entitled, “Executive Perspectives on Top Risks 2018.” The report lists the top ten risks that account for the “key issues being discussed in the boardroom and c-suite” of those organizations surveyed. Topping the chart at risk #1: “rapid speed of disruptive innovation.” The report states: “This top…

4 Ways Scenario Planning Supports Decision-Making

Have you ever been in the room when someone suggested doing scenario analysis? Did you see everyone in the room cringe at the thought? I have, and I felt pity for the person who made the suggestion. Most likely, everyone in that room has gone through the endless “what if” scenario analysis that takes 4…

Integrating ERM with Strategy Continues to be a Struggle for Companies

NC State’s ERM Initiative released their 2018 report on the State of Risk Oversight. This report spurs lots of thoughts for me on a variety of topics, but I want to focus today on enterprise risk management adding value to the strategic planning process. Last year, I wrote about how ERM can be used as…

3 Threats Leave Long-Standing Food Brands Struggling

One of my recent articles, 8 Possible Consequences of Not Being Proactive in Risk Management, discussed possible ramifications for companies who do not factor risks into decision making. Two of those consequences, product failure and profit/financial loss, came to the forefront of my mind when reading an article from the Wall Street Journal about how…

Do Non-Profit Organizations Need Enterprise Risk Management?

There are so many news articles about how for-profit companies are tackling issues that they experience and advice for how to anticipate potential issues. But what about the non-profit organizations? They are driven by a different purpose, often have a social aspect that involves people, and yet, they are just as, if not more, vulnerable…

Techniques Used by One of the World’s Largest Automakers for Identifying Future Risks

We all wish we could have a crystal ball to gaze into and learn what the future holds for our business… Being able to proactively identify what might be coming down the road in the next month, next year, or next couple of decades is invaluable in helping companies chart their future course. Methods for…