Not so long ago, risks could be neatly categorized and managed independently. The risk management department could oversee a curated list of risks, run reports, and periodically update top management on the status.
Risks today are growing exponentially in number and complexity. You are faced with a constant onslaught of unpredictable events, tougher mandates, and relentless scrutiny from regulators, investors, employees, and customers. A surprise from a risk you did not adequately anticipate could end up crippling – or destroying – your company’s brand, its reputation, or even the organization itself.
That’s a lot of pressure.
Risk managers at the top of their game manage risk in a way that drives business improvement. They not only protect their organizations, they know when it’s wise to take calculated risks.
Intelligently balancing threats and opportunities requires advanced measures and tools. Maintaining the status quo while hoping for the best is not an option.
What will it take for you to elevate your game?