risk culture

Avoid the Gotcha Reputation with Executives by Using One Simple Step

In case you don’t know or can’t tell, I love speaking with and learning from others to understand their challenges as it can reveal what others are likely facing. And a recent conversation with a newly appointed head of audit revealed a challenge that I felt important to pass along. You’ve heard me say over…

4 Simple Steps to a Speedy and Effective Decision

This may sound a little mundane, but with events and changes happening at what seems lightning speed in today’s world, companies of all types and industries need a way to make decisions quickly and effectively. Which is the core what an ERM program is supposed to do…support the company in making risk-informed decisions in pursuit…

6 Steps to Building a Vibrant Performance-Focused Risk Culture

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…

International Consultant Offers Insights for Helping Companies Improve Resiliency

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…

5 Questions for Understanding the Fundamentals of Business Resiliency

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…

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…

Ignoring Implementers of Strategic Decisions – Why It’s Risky and How to Fix It

“A chain is only as strong as its weakest link.” We’ve all heard this idiom that first appeared in Thomas Reid’s “Essays on the Intellectual Powers of Man” published in 1786. The phrase is commonly used to describe organizations or groups and how they are only as strong as the weakest or laziest member. By…

Don’t Be That Person: Attitudes and Phrases to Avoid in Delicate Conversations

Considering the resources and commentary out there, it’s easy to get the impression that ERM success is built on how well your identification, assessment, analysis, and reporting processes mesh with your company’s needs and culture. As long as these processes function well, your company will then reap the benefits of risk-informed decision-making and enjoy eternal…

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…

Taking a Growth Pause: Preparing for Long-Term Success

For this week’s post, I would like to share a guest article published in Carrier Management, a quarterly journal targeting P&C insurance executives. Like previous guest editorials, this article was written with a specific industry in mind, but the contents are applicable to any organization. When a company is in its infancy, the main focus…

risk culture

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