Risk Management
Risk Management
How Cognitive Biases Affect Risk Perception
The basis for effective risk management is helping decision-makers running the business make informed decisions under uncertainty that enhance enterprise performance. But what happens if this decision support process is riddled with significant cognitive biases? Simple answer: suboptimal decision-making. Cognitive biases or flaws in thinking or judgment influence our decisions and beliefs and are an read more
Risk Management
How Effective is Your Organization’s Risk Management Approach?
In an increasingly uncertain and competitive environment, what role is risk management playing in your business? Is risk management focused primarily on the downside vs the upside? Effective risk management considers both threats and opportunities to achieving business performance objectives and is integrated with key decision-making processes across the enterprise. Risk lists alone do not read more
Risk Management
The Art of Risk Management
This is the title of the article by BCG published a few years ago. The article discusses the principles that should govern the approach to risk management by companies of all shapes and sizes. The authors make several points with which I agree. Here are some excerpts: Risk management is essential in today’s volatile economy. In read more
Risk Decision Making in an Interconnected World
Globalization and advancements in digital technologies have fundamentally eliminated barriers to doing business.
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Reimagining Risk Management in a Constantly Changing Environment
Deloitte has published an interesting and useful piece, Reimagine Risk: Thrive in your
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Talking About the Risks of AI and Cognitive Technologies
According to the recently published PwC’s 22nd Annual Global CEO Survey, 85% of
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Thinking About The Upside of Risk
Making intelligent and informed decisions is intrinsic to effective risk management. Many at
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Third-Party Risk: What You Don’t Know Can Hurt Your Business
Thanks to globalization and advanced technologies, the world economy is increasingly interconnected and
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The CFO’s Role in Cyber Security
Artificial Intelligence (AI), Blockchain, Robotics, 3D Printing, Cloud Computing, Internet of Things (IoT),
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