Risk

Even during the uncertainty COVID-19 has foisted upon us all, businesses can take actionable steps to ensure business continuity. Point B Management Consulting’s Denise Barndt and Amy Hoyt offer business leaders guidance on how. Most companies are still scrambling to get a handle on today’s COVID-19 concerns, even as new ones are rapidly emerging. Whatever your company’s starting point, now...

Fusion Risk Management’s Kim Hirsch has been advising clients on pandemic planning and business continuity management nonstop since the outbreak of COVID-19. Here, Kim discusses preparedness, quarantine-related issues and the critical risks businesses are facing currently. What are the most critical business risks you are seeing and hearing from customers or prospects? Workforce disruptions? Supply chain disruptions? Other? What are you...

Disruptive innovation has a clear impact on the half-life of companies’ business models. Protiviti’s Jim DeLoach continues a two-part series covering how industry disruption and digital transformation present a new frontier of opportunity and risk that is shaping – and speeding up – business model changes. This article is the second of a two-part discussion regarding the strategic imperative of...

The global coronavirus outbreak is putting every organization’s business continuity plans to the test. Geneia’s Rick Reed suggests that if your company wasn’t ready for this crisis, now’s the time to strengthen your plans for the next one. COVID-19 is proving to be the ultimate tabletop exercise for 2020. ERM professionals have been required to bring their organizations up to speed...

OSHA doesn’t seem to explicitly require an infectious disease response plan, but it’s prudent to prepare one anyway. Husch Blackwell’s Avi Meyerstein provides five major planning elements to help companies create a COVID-19 response plan. No company and no industry is immune from COVID-19. The virus is everywhere. If you haven’t been shut down by government order, your challenge is...

Vicky Yu has seen the effects of the coronavirus firsthand. Here, she offers lessons learned, hopefully to protect those organizations who may yet get an up-close-and-personal view into the outbreak. Since the coronavirus outbreak in China late December 2019, many Chinese companies or multinational companies that have offices in China are facing stress from government regulations and their own employees....

Disruptive innovation has a clear impact on the half-life of companies’ business models. Protiviti's Jim DeLoach discusses how industry disruption and digital transformation present a new frontier of opportunity and risk that is shaping – and speeding up – business model changes. Disruptive change has been present throughout recorded history, but the contemporary notion of disruptive change really came into...

With an emphasis on attracting, retaining and motivating the best employees, a total compensation approach is crucial for organizational success given the dynamics of today’s workforce – but this approach is not without its risks. Elliot Dinkin discusses the possible rewards and what to be aware of. Unemployment in the United States is now at an 18-year low – no...

Reputation has always been a catalyst for company success, but the attention it now demands in our culture is of a critical nature as a driver of competent risk management. Still, it is being undervalued in practice. Michael Toebe discusses the disconnect. Follow the media closely; shortcomings are more frequent than you might imagine. New research is also providing evidence...

PwC has just published the 2020 Global Risk Study, compiling insights from risk management, compliance and internal audit professionals to better understand how the risk function at large can succeed in today’s interconnected, 4IR technology-driven and increasingly complex risk landscape. The study revealed some of the most common challenges executives are facing, including: Organizations moving and connecting faster than the risk...

Vicky Yu has seen the effects of the coronavirus firsthand. Here, she offers lessons learned, hopefully to protect those organizations who may yet get an up-close-and-personal view into the outbreak. Since the coronavirus outbreak in China late December 2019, many Chinese companies or multinational companies that have offices in China are facing stress from government regulations and their own employees....

Leaders of organizations of virtually every size, industry and geographic location are reminded all too frequently that they operate in an increasingly risky world. Protiviti’s Jim DeLoach provides an update from the ERM Initiative of the various risks organizations face relative to two years ago. Overall, 1,063 C-level executives and directors participated in this year’s global study, with 39 percent...