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Automated risk assessment in any organization replaces manual duties with computerized technologies and improves efficiency with accuracy.
Many corporate executives are generally focused on increasing income and prospects for expansion, but they are not as focused on minimizing and assessing risk, progressively changing as time passes. Businesses can't afford room for mistakes, specifically when all the other parties are involved, as it could result in significant lost profits for their firm.
On t
Organizational resilience is surprisingly strange. It is not nearly as clear-cut and straight-forward as we typically believe. It is full of tensions and paradoxes, most of which have been overlooked, and few of which anyone has begun to carefully address.
In particular, leaders at all levels may have to actively surrender a great deal of control during times of great change, exactly the times where they will be tempted to ‘grab the reins’ most forcefully.
In this talk, Dr. David Lindstedt discuss
Some California utilities have been in the headlines for all the wrong reasons – including the 2010 San Bruno gas pipeline explosion that killed 8 people, the 2015/6 leak from Aliso Canyon gas storage, the 2018 Camp Fire that destroyed the town of Paradise, plus the Dominion Pipeline ransomware cyberattack that cut gasoline supply to the US Northeast.
The California Public Utilities Commission requires utilities to quantify these risks using risk-spend efficiency (RSE) to prioritize mitigations b
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Mental Health Has Become a Business Imperative
Josh Bersin
August 29, 2022
Source:
MIT SLOAN
MANAGEMENT REVIEW
Of the many issues we have faced throughout the past two years, perhaps the most surprising but important is mental health. Studies now show that nearly 81% of workers face some form of burnout or mental health issue, and 68% of employees say their daily work has been interrupted by these challenges.1
Health care is one of many industries, along with retail, transportation, and hospitali
Boost Employee Confidence and Inclusion by Creating Voice Space
New research finds that building employee confidence is key to inclusion and provides insights on how to enhance inclusion at an actionable level in the workplace.
Bejoy Philip and Dana Kaminstein
August 25, 2022
Source:
MIT SLOAN
MANAGEMENT REVIEW
Amid the Great Resignation, leaders are clamoring to retain and attract a diverse workforce while many managers are struggling with how to lead inclusively. In McKinsey’s research on that to
New Delhi : The NEP, 2020 has now made it mandatory for K12 students to get indulged in Experiential learning like #Robotics, STEM Education, AI, IoT, 3D printing, #Design_Thinking, Entrepreneurship, and Coding in schools. To equip the schools with the setup required to nurture students. STEMROBO Technologies, one of India’s leading Ed-tech start-ups focusing on fostering innovation skills amongst K-12 students, has announced to set up ‘Showcase Schools’, an end-to-end ecosystem ensuring the hol
In their McKinsey article “Decision-making: how leaders can get out of the way”, Iskandar Amino, Aaron De Smet and Kanika Kakkar highlight the need to devolve decision making for organisations to become more agile. One thing they did not mention was that devolved decision making needs communication about the organisation’s appetite for risk in certain areas of the business. In enterprise risk management terms, that means operationalising a Risk Appetite Statement (RAS).
When Green Turns Brown – And Nobody Notices
Global Research, September 25, 2022
Imagine – there is a Green Movement, supposedly environmentally friendly, people friendly. It has a relatively short history, some 20 to 30 years, maybe?
Who wouldn’t like that? Green is beautiful. It pretends to protect Mother Earth and Humanity. Over the years, it becomes increasingly popular and turns into a political party. “The Greens”. Growing ever stronger throughout the Global West.
They talk abo
Fastpath launched a monthly podcast to discuss all things surrounding your enterprise security hosted by Alex Meyer.
Fastpath is launching a new monthly podcast hosted by Microsoft MVP Alex Meyer. The podcast titled “Enterprise Security Inside and Out” delves into all things surrounding your enterprise application security, current trends, best practices for your business application systems such as ERP, HCM and CRM.
The show will also feature insightful interviews with experts who work with th
There’s so much to consider when choosing a video management system (VMS) for your company. There are different features, vendors and options to think about and this can be overwhelming for anyone who isn’t an expert in video surveillance.
If you’re just getting started with video surveillance or are thinking about upgrading your system, it can be hard to know what you need from a new VMS. This article covers everything you need to know before making a decision on which VMS is right for you and
US “Nuclear Primacy” and “Blitzkrieg Nuclear War”: Russia Responds to America’s Plan to Win World War III
Global Research, September 24, 2022
The U.S. Government no longer designs nuclear weapons to prevent World War III, but instead to win World War III.
Whereas both the Soviet Union and the United States used to design their strategy and weapons so as to prevent a Third World War so that neither side would win but both sides (and much of the world) would be destroyed as thousands
Vendor Risk Management (VRM) is the process of screening suppliers for potential hazards before signing a deal. Despite how often they might assist a firm in success, vendors can also pose a danger.
As a result, businesses must have a contemporary, straightforward, and rock-solid Vendor Risk Management (VRM) — also known as Third-Party Risk Management (TPRM)— the system in place to monitor and mitigate risks connected with third-party services and products even before they pose damage.
Handling ma
Editor's Note: If you are interested in becoming an expert on Innovation Management, take a look at Flevy's Innovation Management Frameworks offering here. This is a curated collection of best practice frameworks based on the thought leadership of leading consulting firms, academics, and recognized subject matter experts. By learning and applying these concepts, you can stay ahead of the curve. Full details here.
Conventional Innovation Management is incapable of meeting present requirements.
Automation has a substantial influence on improving Operational Excellence and Decision Making. Executives' strategic decision-making abilities are being enhanced by Machine Learning (ML) in an increasing number of firms nowadays.
Global research done by MIT Sloan Management Review in collaboration with Google, involving 4,700 CEOs and a number of Key Informant Interviews, indicates that ML is increasingly transforming how firms generate and analyze value. This is largely due to the capacity of
I’m back from a wonderful six-week trip to Canada and the US visiting family and friends. As always, I like to write a blog about risk management from the experiences I have when on holiday. Some of our activities had a risk element to them, for example, boat camping in northern British Columbia and taking bear spray with us to “go up the hill” to the loo, in case we met a black bear – or worse – a grizzly! As I sit here reflecting, I find myself writing about Expectations Management.
Travel ha
Hi Global Risk Community member,
Join us on September 28th to get insight on how risk and audit contribute to ESG strategy and reporting. We’ll cover:
- The business case for ESG
- Managing stakeholder expectations
- How to choose a reporting framework
- How to deliver quality reports
Until then, check out our new podcast series that kicks off with an ESG special, with special guest Samantha Ross, the founder of AssuranceMark.
Emily and the Ideagen team (a partner of Global Risk Community)
STEMROBO aims to establish tinkering and innovation labs and provide proper training for teachers in STEM, robotics, coding and AI.
STEMROBO aims to collaborate with more than 10,000 schools by FY24. Ed-tech start-up, STEMROBO Technologies, has announced to set up ‘Showcase Schools’, an end-to-end ecosystem with the aim to ensure the holistic development of students. The announcement comes amid National Education Policy (NEP) 2020 mandate for K12 students to get indulged in experiential learning
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Compliance Training and Networking in Dubai As part of the global compliance community, we hope you’ll join us in Dubai this November for comprehensive compliance training and the chance to make connections with other compliance professionals. No matter what your level of expertise or your role, there’s plenty to take advantage of. |
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