Five principles will help business leaders take decisive action when fast-changing laws and regulations conflict with stakeholder values.
What if your company’s health insurance plan (or your hiring and training practices, or your policy on guns in the workplace) violates a new state law? And what if your efforts to comply with fast-changing laws and regulations are met with condemnations from employees, custo
It’s no secret: Information security is a complex and ever-changing world fraught with risk. But adding the most recent tools to your organization’s cybersecurity portfolio to try to mitigate new threats may be the wrong approach to security improvement. Today, it’s more important to focus on taking care of the fundamentals, which are too often eclipsed by the latest market developments. Patch management, so
Seeing a firm going bad is difficult when things are proceeding well; however, leaders must constantly be prepared for the worst-case situation. Integrating enterprise risk management throughout your overall company's strategy is critical to operating a successful firm.
"Risk is the probability of an event happening that will affect the attainment of objectives," following the Institute of Internal Auditors. Risk is defined by its impact and likelihood."
Whereas enterprise risk management (ERM) is
Different tactics are used by organizations to gain competitive advantage and outperform rivals. Positions, assets, and economies of scale have historically been used by top multinational companies with a wide range of product or service offerings as sources of competitive advantage.
Today's top business players pursue competitive advantage in a totally different way. Critical competencies are being used by market leaders today to outbid their competitors. They place more of an emphasis on develo
Today, successful businesses embrace risk and use it as a catalyst to achieve their strategic goals -rather than shying away from it or taking a response-based approach after an incident has occurred. Empowered by this ability to pre-empt what could happen from a risk perspective – both good and bad – businesses will develop the agility and resilience needed to thrive.
In this whitepaper, we explain how risk management can be an enabler to strategic success. We explore what kind of strategic risk
Organisations that are able to manage GRC as an integrated program are more successful as it helps accelerate their agility and improves business performance, yet every solution is different and each business has different needs – which is why scoping out the right tool is critical for success.
Senior decision-makers won’t give the green light to such a significant investment based on a hunch; they must understand the solution’s value to the organisation and see a clearly defined roadmap to the
Strategy Quotes
By Enrique Suarez
However beautiful the strategy, you should occasionally look at the results
Sir Winston Churchill 1874-1965, English statesman
There is always a better strategy than the one you have; you just haven'thought of it yet
Sir Brian Pitman, former CEO of Lloyds TSB,
Harvard Business Review, April 2003
Unless a variety of opinions are laid before us, we have no opportunity of selection, but are bound of necessity to adopt the particular view which may have been brought forwar
Hello Global Risk Community member,
This is your invitation for our CPE webinar Streamlining GRC Controls to Optimize Cybersecurity on Thursday November 17th at 1pm Eastern.
On this webinar, we will discuss how to streamline GRC controls and optimize cybersecurity risk management processes, to enable leaders to determine what investments best reduce risk with the best return on investment (ROI). Attendees will learn how to:
This is the season when experts gaze into their crystal balls, looking to predict the new trends for the year ahead. When it comes to cyber risk, we’re likely to see existing threats – in particular ransomware and phishing – continue to disrupt businesses on a daily basis. In a recent Apricorn survey, 40% of IT decision makers ranked phishing emails as the top cause of data breaches within their organisation; an increase from 35% in 2021.
While cyber-criminals will pursue the same ‘tried and test
The company focuses on training local school teachers in regional languages across the country.
Edtech company STEMROBO Technologies has announced its plans to expand its team size by 350 employees by March 2023, as per an official statement. Further, the development is aligned with the plan of empowering K-12 schools to be 21st Century Showcase Schools aligned with NEP 2020. STEMROBO plans to develop a complete ecosystem in these schools through its unique programs such as STEM Education, Roboti
Financial firms across markets may use marketing automation to create leads, manage regulatory compliance, uncover extra consumer insights, enhance sales, and preserve client confidence. On the other hand, finding the correct marketing automation software for the financial and organizational requirements may take much work, mainly since each solution provider provides different functions that may or may not work for the firm's demands.
In such a complex industry, finding the best Marketing Ad Rev
The Internet of Things (IoT) combines complexity, Innovation, and accessibility. IoT technology offers businesses countless possibilities despite the industry's unpredictability. It consists of various network-based devices. Extending internet connectivity to objects other than typical devices is part of the Internet of Things. These technologically advanced devices have the potential to connect and communicate online. They are manageable and controllable from a distance.
Network connections incl
If you have been reading my blogs these past six weeks, you will know what I mean by Go Mental. And that means co-creating a decision map to improve your team’s decisions. Last week I introduced some very simple tools, while mentioning more sophisticated tools like data models built using machine learning or AI.
If you design and utilise simple tools like rapid ranking or decision trees, often these are only used as inputs to a decision to be made by a group. And we all know that groupthink is a
Every action we take online can be tracked. Nearly everything we do is tracked and logged by businesses so they can successfully target their adverts and services, including the websites we visit, the goods we purchase, and even the postings we make on social media. As a result, users frequently believe that powerful businesses are watching them, manipulating them, and knowing everything about them.
Users now have less trust in digital services, which is unfortunate. The good news is that new sol
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Strengthen your knowledge of European compliance issues Society of Corporate Compliance and Ethics® (SCCE®) invites you to Amsterdam 20-22 March 2023 for our 11th Annual European Compliance & Ethics Institute. Learn from compliance and ethics leaders on the challenges and best practices unique to European compliance, while making connections with your colleagues from Europe and around the world. You’ll also earn the chance to earn live Compliance Certification Bo |
The GlobalRisk Community is a thriving community of risk managers and associated service providers. Our purpose is to foster business, networking and educational explorations among members. Our goal is to be the worlds premier Risk forum and contribute to better understanding of the complex world of risk.
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