Wrestling with Integration Opportunities?
Tearing down the silos between HR and risk management.
Some exposures can be a challenge for risk managers, especially if they're not insurable. They require time and effort to understand and provide scant opportunities for risk managers to apply themselves or their skills so that they are perceived as valuable.
Technology has become an integral exposure for companies as more of our activities become automated and globalized. One key driver for this trend is the ease with which we can share information and data across functions, groups, companies, industries, countries and continents.
A Paradigm in Need of a Shift
Throughout my career in large global corporate risk management, I've had opportunities to be considered for risk leadership roles in various industries, among them health care, manufacturing and higher education.
Beware of Blind Allegiance
If you thought I could ignore the risk management story around Penn State -- or the more recent humbling of Lance Armstrong -- you were wrong.
Is Business Continuation ERM?
Have you wondered if or how risk management and business continuation relate? Intuitively, business continuation seems like it should be (and typically is) a distinctly separate discipline with little connection to enterprise risk management.
Friends or Acquaintances?
I've told my kids for years that they can expect few real friendships in life, but the few they have should be meaningful. They would argue that they have many friends when, in fact, they actually have many acquaintances.
With the passing of Steve Jobs, the media has been consumed with elevating him to his celestial pedestal as the greatest innovator of all time. For now, I won't quibble with the core premise that he, indeed, leveraged innovation for all it was worth, often taking other people's foundational ideas and making them into items of near-universal appeal.
Signs of Early Recognition (Part 2)
Last month I left you with some thoughts about how enterprise risk management (ERM) was showing signs of early recognition in the Middle East and North Africa, and particularly in some developing countries where modern business practices are less mature.
Signs of Early Recognition (Part 1)
I've noticed an interesting development emerging from the Middle East. There's a growing appetite for understanding more effective management of risk, even an explicit interest in what folks from that region seemingly understand to be enterprise risk management.
To a risk management leader, innovation should be a continuing strategic goal. Yet the hurdles to innovation are many.
Extreme Risk Management
Just when you thought ERM meant enterprise risk management, I'm here to tell you your focus should be more on extreme risk management; after all, should we really spend our limited and valuable time and resources on the expected when the unexpected is often so much more destructive?