Over the past year, I’ve had several conversations on the value of ERM-focused software. Some of these organizations are actively pursuing software while others are just checking in. Most of these organizations are currently using Excel and PowerPoint. In looking at the various products on the market, there were two general classes. One group was …
Many organizations will spend considerable effort developing a detailed list of mitigations. They have developed a list of risks, assessed the impact and likelihood of each risk, and then worked diligently to detail all of the mitigations. But the focus is entirely on effort. A few months back, I was talking with the director of …
Why does one automaker retire its sedans while another doubles down on electric cars? Why does one big box retailer nurture young families while another pushes low prices for everyone? Those are radically different strategic choices. And each can be just as successful. Those strategies are so different, despite similar capabilities and markets, in part …
A year ago, I wrote about 5 things I’m doing during the COVID-19 pandemic. My region had just entered a period of restrictions and I was adjusting as were many organizations. I stayed on course with my five things (see blog). Now it’s time for some new observations. Some Were Sought Out – Others Ignored …
Over the past few months, I’ve had several conversations on the role of risk registers in Enterprise Risk Management. A common trend seems to treat these as a final outcome. With all that data it’s easy to sort and extract the information you want. Drop those into a PowerPoint deck and you’re all set. The …
