engagement - Blog - Global Risk Community2024-03-29T15:58:51Zhttps://globalriskcommunity.com/profiles/blogs/feed/tag/engagementHR Strategy: 4 Benefits of Devising a Robust Job Leveling Frameworkhttps://globalriskcommunity.com/profiles/blogs/hr-strategy-4-benefits-of-devising-a-robust-job-leveling2020-11-03T17:36:03.000Z2020-11-03T17:36:03.000ZMark Bridgeshttps://globalriskcommunity.com/members/MarkBridges<div><p><a href="{{#staticFileLink}}8219692853,original{{/staticFileLink}}" target="_blank"><img class="align-right" src="{{#staticFileLink}}8219692853,original{{/staticFileLink}}" alt="8219692853?profile=original" width="350" /></a>Inadequately structured jobs create disputes, negative perceptions, inequality, and frustration among employees. On the other hand, well-articulated jobs, appropriate distribution of work, justified authority levels, and correct estimation of value of individual jobs elevate employee engagement levels, productivity, and job satisfaction. Organized job levels are a sign of effective <a href="https://flevy.com/browse/stream/human-resources">Human Resources Management</a> function.</p><p>The lack of a structured job design—and ill-defined jobs—renders the organizations ineffective and burdened with excessive staffing and payroll costs. This warrants from the leadership to plan and undertake a Job Leveling initiative. Job Leveling is a disciplined approach to gauge the value of work for individual positions across the organization. It entails ascertaining the nature of work done by each position, authority levels, and the effect of each job on business results. The initiative is critical in administering rewards structures.</p><p>However, Job Leveling is a concern at most organizations—not many people are satisfied with the value assigned to their roles. The absence of proper—or inadequate—job levels yields grave consequences for the entire organization. Jobs valued higher than their actual value lead to wastage of resources, whereas low valued jobs are perceived as offensive and inculcate demotivation.</p><p>Job Design and Job Leveling is essential when organizations consistently encounter issues, such as:</p><ul><li>Constant employees complaints and demands to reclassify jobs</li><li>Excessive job titles</li><li>Widespread dissatisfaction with remuneration</li><li>Task / processes redundancy</li><li>Financial outflow</li><li>Staffing imbalances and top heavy structure</li></ul><p>Workforce planners should lay out a clearly-defined <a href="https://flevy.com/browse/flevypro/hr-strategy-job-leveling-5328">Job Leveling Framework</a> to tackle these issues and methodically benchmark the value of jobs at their organizations. To accomplish this, they need to first analyze all the activities required under each position, the professional competences and demeanor essential to perform those activities, and gauging the effect each position has on business results.</p><p>The 4 core benefits to developing and executing an efficient Job Leveling Framework include:</p><ol><li>Establish Consistency across the <a href="https://flevy.com/browse/stream/human-resources">Human Resource</a> Initiatives</li><li>Develop Clear Paths for Career Growth</li><li>Improve Ease of Administration</li><li>Increase Flexibility for M&A</li></ol><p><a href="https://flevy.com/browse/flevypro/hr-strategy-job-leveling-5328"><img class="aligncenter size-full wp-image-7562" src="https://flevy.com/blog/wp-content/uploads/2020/11/Job-Leveling-Framework.png" alt="" width="1002" height="752" /></a></p><p>Let’s delve deeper into 3 of these benefits, for now.</p><h3><strong>Establish Consistency Across the HR Initiatives</strong></h3><p>A standardized job evaluation approach enables a consistent job structure terminology. It makes communication and Job Leveling related decisions easier. A Job Leveling Framework aids in defining relative placement of various jobs, using elements, such as, knowledge, problem solving, interaction, impact, and accountabilities. Alignment of jobs through a Job Leveling Framework helps in developing consistency across other HR initiatives and make better talent related decisions.</p><h3><strong>Develop Clear Paths for Career Growth</strong></h3><p>Organizations use clear career pathways to enhance employee engagement, meet employee expectations, and provide opportunities for their development. A Job Leveling Framework provide clear-cut job structure to inspire the employees. Career pathways developed through Job Leveling Framework helps the leaders as they strive to improve the amount of mobility across teams, units, and divisions.</p><h3><strong>Improve Ease of Administration</strong></h3><p>A Job Leveling Framework assists in developing efficient methods to administer HR initiatives. A Job Leveling Framework enables improved efficiencies and decisions related to key talent and their work. For instance, it streamlines pay grades and salary structures; standardizes job titles; simplifies short-term incentive criteria and objectives definition; and structures long-term reward eligibility criteria and nominations.</p><p>Interested in learning more about the Job Leveling Framework and benefits associated with its implementation? You can download <a href="https://flevy.com/browse/flevypro/hr-strategy-job-leveling-5328">an editable PowerPoint on <strong>HR Strategy: Job Leveling Framework</strong> here </a>on the <a href="https://flevy.com/browse">Flevy documents marketplace</a>.</p><h3><strong>Are you a Management Consultant?</strong></h3><p>You can download this and hundreds of other <a href="http://flevy.com/pro/library/frameworks">consulting frameworks</a> and <a href="http://flevy.com/pro/library/consulting">consulting training guides</a> from the <a href="http://flevy.com/pro/library">FlevyPro library</a>.</p></div>How to Achieve Board Excellence? Here's a Guide to Engaging Your Boardhttps://globalriskcommunity.com/profiles/blogs/how-to-achieve-board-excellence-here-s-a-guide-to-engaging-your2020-03-18T06:30:00.000Z2020-03-18T06:30:00.000ZJoseph Robinsonhttps://globalriskcommunity.com/members/JosephRobinson808<div><p>The business has become more challenging as the global market becomes more demanding. This change in the global market is putting<a href="http://flevy.com/blog/wp-content/uploads/2019/12/pic-2-Board-Excellence-Engagement-300x200.jpeg" target="_blank"><img src="http://flevy.com/blog/wp-content/uploads/2019/12/pic-2-Board-Excellence-Engagement-300x200.jpeg?profile=RESIZE_710x" width="300" class="align-right" alt="pic-2-Board-Excellence-Engagement-300x200.jpeg?profile=RESIZE_710x" /></a> pressure not only on Management but also on the Board. <a href="https://flevy.com/browse/stream/strategy-development">Strategy Development</a> now demands that organizations should not only be effective but there should also be <a href="https://flevy.com/browse/flevypro/board-excellence-engagement-3997">Board Excellence.</a></p><p>Today, the demand has ceased to be about spending more time. Boosting the effectiveness of the Board is not anymore about spending more time. The urgent call now is to focus on changing the nature of engagement between directors and the executive teams that they work with.</p><h3>The Importance of Board Engagement</h3><p>Changing the nature of the <a href="https://flevy.com/browse/flevypro/board-excellence-engagement-3997">Board Engagement</a> will lead Directors and CEOs to make effective use of their limited time. It will build the capacity of the Board Members to bring disparate points together. This is critical when keeping a Board functional rather than dysfunctional.</p><p>There are no shortcuts to building and maintaining a well-attuned Board and executive mechanics. These require hard work from the Board Members and a CEO with a thick skin. But a good Director will provide the extra effort, and an effective CEO will make the most of an engagement board’s limited time.</p><h3>Achieving Board Engagement</h3><p>Board Engagement can be built and it can be improved. The nature of engagement between the Directors and Management need not remain at a standstill. There are <a href="https://flevy.com/browse/flevypro/board-excellence-engagement-3997">5 areas to improve Board Engagement</a>.</p><p><a href="https://flevy.com/browse/flevypro/board-excellence-engagement-3997" target="_blank"><img src="http://flevy.com/blog/wp-content/uploads/2019/12/pic-1-Board-Excellence-1024x768.png?profile=RESIZE_710x" width="750" class="align-full" alt="pic-1-Board-Excellence-1024x768.png?profile=RESIZE_710x" /></a></p><ol><li><strong>Engagement between Board Meetings</strong>. This is more than just meetings. It is about touching based between meetings. When this is undertaken, it keeps Board Members informed and strengthens the Board’s hand on the company pulse. Engagement between Board Meetings minimizes the background time that slows up regular Board meetings.</li></ol><ol start="2"><li><strong>Engagement for Strategy Formulation</strong>. This area of improvement enables the Board to actively participate in the formation of strategy and be proactive. Participation is already encouraged right at its early formation and stress-testing of strategy.</li></ol><ol start="3"><li><strong>Engagement for Talent Development</strong>. When this is put in place, Board Members get to act like a highly effective search firm. This happens as a result of a change in focus from simply observing talent to actively activating them. This area of improvement raises the bar to actively cultivate talents.</li></ol><ol start="4"><li><strong>Engagement in the Field</strong>. This area of improvement may be something that may be new to Board Members. Often, the Board has been used to taking a role in policy making however they have not been part of operations. Engagement in the field is focused on assigning Directors specific operational areas to engage on. This will require the Board to visit at least one business site every 12 months. Doing this will bring a load of advantages as the Board gets to be more knowledgeable about the organization.</li></ol><ol start="5"><li><strong>Engagement on Tough Decisions</strong>. The main focus of this area is on the value of probing difficult, strategic <a href="https://flevy.com/business-toolkit/decision-making">decision making</a>. One may wonder how can this build Board Engagement. Every Board Member need not have industry experience. Yet, they must have the courage to ask difficult questions. When this happens, you get to raise your Board from being dysfunctional to being functional and involved.</li></ol><p>Board Engagement is very crucial at this point in time. It is not enough that they spend more time in Board meetings. It is not enough that they continue to assume roles that they have been doing before. The <a href="https://www.forbes.com/sites/dorieclark/2013/07/09/how-to-stay-relevant-in-a-changing-business-environment/">changing business environment</a> has raised its spectrum when it comes to performance and effectiveness. And this does not only include Management or its employees. This now also involves the Board. Hence, the Board of today more be more engaged and take an active part in areas that are crucial to the organization to remain competitive.</p><p>Interested in gaining more understanding of <a href="https://flevy.com/browse/flevypro/board-excellence-engagement-3997">Board Excellence through Engagement</a>? You can learn more and download an <a href="https://flevy.com/browse/flevypro/board-excellence-engagement-3997">editable PowerPoint about <strong>Board Excellence: Engagement</strong> here</a> on the <a href="https://flevy.com/browse">Flevy documents marketplace</a>.</p><p><strong>Are you a management consultant?</strong></p><p>You can download this and hundreds of other <a href="http://flevy.com/pro/library/frameworks">consulting frameworks</a> and <a href="http://flevy.com/pro/library/consulting">consulting training guides</a> from the <a href="http://flevy.com/pro/library">FlevyPro library</a>.</p></div>IMPACT 2018: Becoming a Risk Management Herohttps://globalriskcommunity.com/profiles/blogs/impact-2018-becoming-a-risk-management-hero2018-12-07T19:30:00.000Z2018-12-07T19:30:00.000ZSteven Minskyhttps://globalriskcommunity.com/members/StevenMinsky<div><p><span>On Nov. 29, the LogicManager community arrived at Hotel Commonwealth in the historic Fenway district of Boston for sold-out IMPACT 2018. Every year, LogicManager hosts a customer conference where users of the ERM software can learn, share, and grow their risk management program to full maturity.</span></p><p></p><p style="text-align:center;"><span><iframe width="560" height="315" src="https://www.youtube.com/embed/8sM8I4HEewY?wmode=opaque" frameborder="0" allowfullscreen=""></iframe></span></p><p style="text-align:center;"><span> </span></p><div class="fusion-fullwidth fullwidth-box nonhundred-percent-fullwidth non-hundred-percent-height-scrolling"><div class="fusion-builder-row fusion-row"><div class="fusion-layout-column fusion_builder_column fusion_builder_column_1_1 fusion-one-full fusion-column-first fusion-column-last 1_1"><div class="fusion-column-wrapper"><div class="fusion-builder-row fusion-builder-row-inner fusion-row"><div class="fusion-layout-column fusion_builder_column fusion_builder_column_1_2 fusion-one-half fusion-column-first 1_2"><div class="fusion-column-wrapper"><div class="fusion-text"><p>Upon walking into the conference space, you could feel the partnership LogicManager strives to create between customer and employee. As a SaaS provider, most of our work is virtual. But at IMPACT, it was like old friends coming together as<span> </span><a href="https://www.logicmanager.com/erm-software/product/erm-consulting/?utm_source=GlobalRisk&utm_medium=referral&utm_campaign=Referral%20Traffic">advisory analysts</a><span> </span>eagerly sought out the risk professionals they’ve developed relationships with over the years.</p></div></div></div><div class="fusion-layout-column fusion_builder_column fusion_builder_column_1_2 fusion-one-half fusion-column-last 1_2"><div class="fusion-column-wrapper"><span class="fusion-imageframe imageframe-none imageframe-1 hover-type-none"><a href="https://www.logicmanager.com/wp-content/uploads/2018/12/Customers-with-Advisory-Analyst.png" target="_blank"><img src="https://www.logicmanager.com/wp-content/uploads/2018/12/Customers-with-Advisory-Analyst.png?width=300" width="300" class="align-right" alt="Customers-with-Advisory-Analyst.png?width=300" /></a></span></div></div></div><div class="fusion-text"><p>Between sessions, attendees and analysts met to share their thoughts on the conference and brainstorm ways they could better leverage the tool. Customers also connected with fellow users to exchange ideas. These relationships are what make LogicManager more than a software, but rather a partner in achieving excellence.</p><p>Above all, what continues to be the most striking part of IMPACT is the willingness with which each customer presents on their successes, challenges, and future goals, while openly sharing the steps others can take to overcome existing obstacles or conquer new initiatives. IMPACT has and always will be a conference by practitioners, for practitioners.</p><p>A lot happened during the two-day event, so we broke IMPACT 2018 down into some recurring themes alongside the tips every governance, risk, and compliance professional can use to mature their ERM program.</p></div><div class="fusion-clearfix"> </div></div></div></div></div><div class="fusion-fullwidth fullwidth-box nonhundred-percent-fullwidth non-hundred-percent-height-scrolling"><div class="fusion-builder-row fusion-row"><div class="fusion-layout-column fusion_builder_column fusion_builder_column_1_1 fusion-one-full fusion-column-first fusion-column-last fusion-blend-mode 1_1"><div class="fusion-column-wrapper"><div class="fusion-text"><h2><strong>Risk Management for a Better Tomorrow</strong></h2></div></div></div></div></div><div class="fusion-fullwidth fullwidth-box nonhundred-percent-fullwidth non-hundred-percent-height-scrolling"><div class="fusion-builder-row fusion-row"><div class="fusion-layout-column fusion_builder_column fusion_builder_column_1_1 fusion-one-full fusion-column-first fusion-column-last 1_1"><div class="fusion-column-wrapper"><div class="fusion-text"><p>The conference opened with a video about what it really means to be a risk manager. The video set the stage for the conference, which aimed to shatter the assumption that being a risk manager is just your typical day job. From our point of view, risk managers are the heroes of their organizations because they effect positive change both at their companies and throughout their communities.</p><p>Steven Minsky, CEO and Founder of LogicManager, continued this theme throughout his opening keynote session. He explored what it meant to build a better tomorrow through risk management. Namely, it’s to prevent distracting mishaps that threaten to derail a company’s mission, whether that be keeping satellites in the sky or making sure every customer’s transaction is safe and secure.</p></div><div class="fusion-builder-row fusion-builder-row-inner fusion-row"><div class="fusion-layout-column fusion_builder_column fusion_builder_column_1_2 fusion-one-half fusion-column-first 1_2"><div class="fusion-column-wrapper"><div class="fusion-text"><p>“Every hero has a Lex Luthor,” Steven said, as he dove into one obstacle risk managers face:<span> </span><a href="https://www.logicmanager.com/erm-software/2018/04/26/see-through-economy-risk-management/?utm_source=GlobalRisk&utm_medium=referral&utm_campaign=Referral%20Traffic">the see-through economy.</a><span> </span>In the past 10 years, information sharing has changed drastically, to the point where PR no longer works, and prevention is the only way to keep corporate scandals out of the picture.</p></div></div></div><div class="fusion-layout-column fusion_builder_column fusion_builder_column_1_2 fusion-one-half fusion-column-last 1_2"><div class="fusion-column-wrapper"><span class="fusion-imageframe imageframe-none imageframe-2 hover-type-none"><a href="https://www.logicmanager.com/wp-content/uploads/2018/12/CEO-Steven-Minsky-at-IMPACT.png" target="_blank"><img src="https://www.logicmanager.com/wp-content/uploads/2018/12/CEO-Steven-Minsky-at-IMPACT.png?width=300" width="300" class="align-right" alt="CEO-Steven-Minsky-at-IMPACT.png?width=300" /></a></span></div></div></div><div class="fusion-text"><p>To this end, Steven outlined the steps every risk professional can take to adapt to the see-though economy:</p><p><strong>Take a Risk-Based Approach –<span> </span></strong>Integrate all governance areas and activities into one iterative process, including governance, identification, assessment, mitigation, monitoring, and events.</p><p><strong>Engage the Business –</strong><span> </span>Reach out to as many departments and levels as you can to collect relevant, accurate information to anticipate and address enterprise risk.</p><p><strong>Put it all Together –</strong><span> </span>For any initiative, look at what processes need to be carried out under each step of a risk-based approach and engage the appropriate personnel.</p><p><strong>Consolidate Reporting –<span> </span></strong>Turn brick-sized board reports into one-page dashboards by aggregating and filtering information by what your audience is interested in.</p><p> </p><div class="fusion-fullwidth fullwidth-box nonhundred-percent-fullwidth non-hundred-percent-height-scrolling"><div class="fusion-builder-row fusion-row"><div class="fusion-layout-column fusion_builder_column fusion_builder_column_1_1 fusion-one-full fusion-column-first fusion-column-last fusion-blend-mode 1_1"><div class="fusion-column-wrapper"><div class="fusion-text"><h2><strong>Engage the Business</strong> </h2></div></div></div></div></div><div class="fusion-fullwidth fullwidth-box nonhundred-percent-fullwidth non-hundred-percent-height-scrolling"><div class="fusion-builder-row fusion-row"><div class="fusion-layout-column fusion_builder_column fusion_builder_column_1_1 fusion-one-full fusion-column-first fusion-column-last 1_1"><div class="fusion-column-wrapper"><div class="fusion-text"><p>Every presenter seemed to be on board with this integral step to taking a risk-based approach. As the name implies, enterprise risk management is a sprawling, company-wide process which should never be limited to one department. It takes a host of subject matter experts and front-line personnel to get an accurate picture of an organization’s risk profile.</p><p>So what are some tips the presenters shared on engagement?</p><p><strong>Develop a Common Language</strong><span> </span>– Departments talk about risk differently. One person’s “analysis” is another’s “assessment.” It’s important to speak the same risk language in order to engage people in a risk-based approach.</p></div><div class="fusion-builder-row fusion-builder-row-inner fusion-row"><div class="fusion-layout-column fusion_builder_column fusion_builder_column_1_2 fusion-one-half fusion-column-first 1_2"><div class="fusion-column-wrapper"><div class="fusion-text"><p><strong>Grab a Cup of Coffee<span> </span></strong>– During a panel on building an effective ERM program, three professionals shared their view on approaching other departments with a cup of coffee and genuine questions about which processes aren’t working. They stressed the importance of not imposing a new system or point of view, but sharing solutions to their individual challenges.</p><p></p></div></div></div><div class="fusion-layout-column fusion_builder_column fusion_builder_column_1_2 fusion-one-half fusion-column-last 1_2"><div class="fusion-column-wrapper"><div class="fusion-text"><h3><span>“My favorite part of IMPACT is how transparent everyone is about their challenges and their success.”</span></h3></div><div class="fusion-text"><h5><span>– Robin Jones, DigitalGlobe</span></h5><p></p></div></div></div></div><div class="fusion-text"><p><strong>Create a Risk-Aware Culture –<span> </span></strong>In a panel discussion, members of DigitalGlobe and Maxar Technologies discussed the effectiveness of regular, in-person training sessions. In these sessions, employees are encouraged to identify their own risks and have open dialogues about how to assess them.</p><p><strong>Demonstrate Success</strong><span> </span>– Regularly present on the success you’ve had with a risk-based approach. Even small wins entice others to join the journey and make improvements of their own with the same method.</p><p> </p><div class="fusion-fullwidth fullwidth-box nonhundred-percent-fullwidth non-hundred-percent-height-scrolling"><div class="fusion-builder-row fusion-row"><div class="fusion-layout-column fusion_builder_column fusion_builder_column_1_1 fusion-one-full fusion-column-first fusion-column-last fusion-blend-mode 1_1"><div class="fusion-column-wrapper"><div class="fusion-text"><h2><strong>Add Capacity to Add Value</strong> </h2></div></div></div></div></div><div class="fusion-fullwidth fullwidth-box nonhundred-percent-fullwidth non-hundred-percent-height-scrolling"><div class="fusion-builder-row fusion-row"><div class="fusion-layout-column fusion_builder_column fusion_builder_column_1_1 fusion-one-full fusion-column-first fusion-column-last 1_1"><div class="fusion-column-wrapper"><div class="fusion-text"><p>Many presentations remarked how much capacity they were able to create with an online system. As the<span> </span><a href="https://www.logicmanager.com/download-risk-based-approach-wheel/?utm_source=GlobalRisk&utm_medium=referral&utm_campaign=Referral%20Traffic">Risk-Based Approach Wheel</a><span> </span>demonstrates, there’s a lot that goes into a mature risk management process. Getting bogged down in manual processes takes a lot of time away from the value-adding initiatives a company could be pursuing.</p></div><div class="fusion-builder-row fusion-builder-row-inner fusion-row"><div class="fusion-layout-column fusion_builder_column fusion_builder_column_1_2 fusion-one-half fusion-column-first 1_2"><div class="fusion-column-wrapper"><div class="fusion-text"><p>Here are the top tips for creating more capacity:</p><p><strong>Centralize Information –<span> </span></strong>Create a centralized repository for all risk information. Almost every presentation cited Word documents and spreadsheet systems as prior pain points because of the amount of time they took to update and track down.</p></div></div></div><div class="fusion-layout-column fusion_builder_column fusion_builder_column_1_2 fusion-one-half fusion-column-last 1_2"><div class="fusion-column-wrapper"><span class="fusion-imageframe imageframe-none imageframe-5 hover-type-none"><a href="https://www.logicmanager.com/wp-content/uploads/2018/12/IMPACT-Panel.png" target="_blank"><img src="https://www.logicmanager.com/wp-content/uploads/2018/12/IMPACT-Panel.png?width=300" width="300" class="align-right" alt="IMPACT-Panel.png?width=300" /></a></span></div></div></div><div class="fusion-text"><p><strong>Automate Workflows –<span> </span></strong>Shuffling tasks from person to person and manually following up with people takes time. Many of the presenters talked about how they leveraged incident forms and automated workflows to create more capacity for themselves.</p><p><strong>Consider Dude’s Law –<span> </span></strong>Christi Woods from Teacher Retirement System of Texas shared Dude’s Law, in which Value = Why / How. In other words, if the “why” of what you’re doing is greater than “how” you’re doing it, you’re adding value. Automated systems decrease the “how” and increase value.</p><p> </p></div></div></div></div></div><div class="fusion-fullwidth fullwidth-box nonhundred-percent-fullwidth non-hundred-percent-height-scrolling"><div class="fusion-builder-row fusion-row"><div class="fusion-layout-column fusion_builder_column fusion_builder_column_1_1 fusion-one-full fusion-column-first fusion-column-last fusion-blend-mode 1_1"><div class="fusion-column-wrapper"><div class="fusion-text"><h2><strong>Embrace Change</strong></h2></div></div></div></div></div><div class="fusion-fullwidth fullwidth-box nonhundred-percent-fullwidth non-hundred-percent-height-scrolling"><div class="fusion-builder-row fusion-row"><div class="fusion-layout-column fusion_builder_column fusion_builder_column_1_1 fusion-one-full fusion-column-first fusion-column-last 1_1"><div class="fusion-column-wrapper"><div class="fusion-text"><p>Every single presenter touched on change at their company. The changes they discussed came in many forms, from organic growth to mergers and acquisitions. This was a poignant theme to explore throughout the conference because ERM is about adapting to change and maintaining repeatable, yet flexible processes.</p><p> </p></div><div class="fusion-builder-row fusion-builder-row-inner fusion-row"><div class="fusion-layout-column fusion_builder_column fusion_builder_column_1_2 fusion-one-half fusion-column-first 1_2"><div class="fusion-column-wrapper"><div class="fusion-text"><h3><span>“I see what people are doing in the system and I think, ‘Why wasn’t I doing that four years ago?'”</span></h3></div><div class="fusion-text"><h5><span>– Bill Baumer, proERM</span></h5><p><span> </span></p></div></div></div><div class="fusion-layout-column fusion_builder_column fusion_builder_column_1_2 fusion-one-half fusion-column-last 1_2"><div class="fusion-column-wrapper"><div class="fusion-text"><p><strong>Stick to Your Guns –<span> </span></strong>The folks from DigitalGlobe had a lot to say about change after being acquired by Maxar. They viewed the merger as an opportunity to speak up for the process they believed in and to be a champion for a risk-based approach across the new enterprise.</p></div></div></div></div><div class="fusion-text"><p><strong>Standardize, Standardize, Standardize</strong><span> </span><strong>–</strong><span> </span>In moments of change, everyone needs to be on the same page. Panelists from Cognition Financial, IHS Markit, and Reverse Mortgage Funding advised the audience to centralize information and methodologies. Having a point person to mediate the standardization process is a must.</p><p><strong>Engage Early and Often –<span> </span></strong>With innovation comes risk. When a new process is being created, you want people to automatically think what its risks are. Engaging as many people as you can, as often as you can, in the risk management process is the best way to keep them risk-aware.</p></div><div class="fusion-clearfix"> </div></div></div></div></div><div class="fusion-fullwidth fullwidth-box nonhundred-percent-fullwidth non-hundred-percent-height-scrolling"><div class="fusion-builder-row fusion-row"><div class="fusion-layout-column fusion_builder_column fusion_builder_column_1_1 fusion-one-full fusion-column-first fusion-column-last fusion-blend-mode 1_1"><div class="fusion-column-wrapper"><div class="fusion-text"><h2><strong>What’s on the Horizon?</strong></h2></div></div></div></div></div><div class="fusion-fullwidth fullwidth-box nonhundred-percent-fullwidth non-hundred-percent-height-scrolling"><div class="fusion-builder-row fusion-row"><div class="fusion-layout-column fusion_builder_column fusion_builder_column_1_1 fusion-one-full fusion-column-first fusion-column-last 1_1"><div class="fusion-column-wrapper"><div class="fusion-text"><p>Each customer presentation ended with a look towards the future. What did they want to improve on? How were they going to get there?</p><p>LogicManager had a few goals of our own to share.</p></div><div class="fusion-builder-row fusion-builder-row-inner fusion-row"><div class="fusion-layout-column fusion_builder_column fusion_builder_column_1_2 fusion-one-half fusion-column-first 1_2"><div class="fusion-column-wrapper"><div class="fusion-text"><p><strong>Say Hello to Horizon –<span> </span></strong>The LogicManager team introduced LogicManager Horizon, the latest version of our software. Why Horizon? Because we believe risk managers are the harbingers of a better tomorrow, and we want to provide them a new line of sight to what’s possible.</p></div></div></div></div><div class="fusion-text"><p><strong><a href="{{#staticFileLink}}8028275857,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028275857,original{{/staticFileLink}}" width="300" class="align-right" alt="8028275857?profile=original" /></a>Keeping Engagement at the Forefront –<span> </span></strong>LogicManager Horizon prioritizes solutions that will impact the most end-users. We’ve already deployed our newly designed incident webforms to increase engagement across organizations.</p><p><strong>What’s Next –<span> </span></strong>Redesigned home screen. Mobile accessibility. Improved infrastructure. This is just some of what LogicManager users can expect from LogicManager Horizon. What lies beyond Horizon? To close the event, CEO Steven Minsky discussed the role artificial intelligence will play in the risk management industry. We’re encouraging our customers to provide feedback on what kinds of technology will provide them more intelligent insights faster.</p></div><div class="fusion-clearfix"><strong> </strong></div></div></div></div></div><div class="fusion-fullwidth fullwidth-box nonhundred-percent-fullwidth non-hundred-percent-height-scrolling"><div class="fusion-builder-row fusion-row"><div class="fusion-layout-column fusion_builder_column fusion_builder_column_1_1 fusion-one-full fusion-column-first fusion-column-last fusion-blend-mode 1_1"><div class="fusion-column-wrapper"><div class="fusion-text"><h2><strong>That’s a Wrap!</strong></h2></div></div></div></div></div><div class="fusion-fullwidth fullwidth-box nonhundred-percent-fullwidth non-hundred-percent-height-scrolling"><div class="fusion-builder-row fusion-row"><div class="fusion-layout-column fusion_builder_column fusion_builder_column_1_1 fusion-one-full fusion-column-first fusion-column-last 1_1"><div class="fusion-column-wrapper"><div class="fusion-text"><p>As always, the customers were the stars of IMPACT 2018. We loved seeing those who believe in LogicManager every year and how much they’ve grown their ERM programs. We can’t get enough of the customer-to-customer interactions as they share their success, learn from each other, and grow their skill sets.</p><p>We can’t wait to see everyone back at IMPACT 2019!</p><p></p><p><em>This article was originally published on <a href="https://www.logicmanager.com/erm-software/2018/12/06/impact-2018-risk-management-hero/?utm_source=GlobalRisk&utm_medium=referral&utm_campaign=Referral%20Traffic" target="_blank">LogicManager.com</a></em></p></div></div></div></div></div><p></p></div></div></div></div></div></div></div></div></div></div></div>