risk culture

The Three Lines Model – 3 Reasons Why I Don’t Like It

Everyone likes a clear-cut template that offers an easy way to create or manage something…I mean what’s not to like about a step-by-step process for accomplishing what you want? Sometimes this can work without any issues, such as the case with the Project Management Book of Knowledge (PMBOK), ISO 9001 standard, or a new cooking…

3 Underlying Components to Building a Successful Strategic Plan

Today’s business environment is nothing like I’ve seen at any other time in my life. Based on the various commentary out there, I suspect you can say the same. This turmoil is precisely why a proactive strategic plan is so crucial. This is also why I’m taken aback to know that many companies either have…

Should We Still Be Using the Term Risk Management?

“What’s in a name” you ask? Aside from “To be or not to be? That is the question,” this is probably one of Shakespeare’s most well-known quotes or idioms. And coincidentally, it forms the basis of one of the biggest debate’s in the risk management world today. Between risk appetite, heat maps, and the reliability…

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…

risk culture

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