Like many, I thrive on visuals, so I’m naturally intrigued by #bowtieanalysis. The good/bad of this tool was the subject of a session at RAW 2022. Click below for a quick summary of the session, plus where you can watch the full version. #ERM #erminsights bit.ly/3YY3OE8

Teamwork is vital to success, and #riskmanagement is no different. Besides people, different types of risk have to work together for the good of the company. Learn more about these plus the one ingredient for helping them work together. bit.ly/3J4EuqK #ERM #erminsights

#Inherentrisk is confusing, which is why I don’t use it as a #riskassessment step. Explore this concept & why business units struggle with it. Learn how questions can be changed for business areas to relate & provide actionable insights. bit.ly/423Orfl #ERM #erminsights

Originally written for @CarrierManagement, today’s article discusses how #inflation affects P/C carriers and how they can address it. In spite of it targeting a specific industry, the tips in it are applicable to any company strategicdecisionsolutions.com/implementing-s… #ERM #erminsights

#Strategicrisks are a reality, but that’s not necessarily a bad thing. Instead of seeing them as something to work around, why not turn them into opportunities? Today’s article is the 2nd in our series on #identifyingopportunities bit.ly/3M4JM7y #ERM #erminsights

#ERM is often seen as a cost center or “check-the-box” activity and not a valuable partner for enabling better #decisionmaking. There is 1 commonly overlooked action that will improve #ERMreputation. Learn more… strategicdecisionsolutions.com/networking-imp… #erminsights

Just as overdone steak is not fun to eat, so too can #overmanagingrisks lead to financial loss, bankruptcy, or acquisition. Today’s article explores three different ways over-managing risks negatively impacts company. #riskmanagement #ERM #erminsights strategicdecisionsolutions.com/over-managing-…

Well-organized #meeting vs. a #strategicconversation – what’s the difference? Well, a lot ! Today’s article is part of a larger idea around #softskills. Learn about the differences & key considerations for ensuring the best outcome. bit.ly/3Vh7D6n #ERM #erminsights

#VUCA is a commonly used word for describing today’s environment. One industry where this became the norm a long time ago is oil in the 70s/80s. Learn how one company pioneered #scenarioplanning to successfully navigate this reality. #ERM #erminsights bit.ly/3pbY9NX

So much has changed over the years, including the primary focus of #ERM and #internalaudit and how they work together. Today’s article explores 3 options where both of these functions can come together to ensure their company’s success. bit.ly/3Bj7Vkg #erminsights

A far cry from a strict #valueprotection focus, the ability to identify opportunities can help #ERM #createvalue and provide a #competitiveadvantage. Today’s article explores how companies can do this. bit.ly/3IqytE6 #erminsights

“Our culture is a risk” – a vague statement of no use in determining where resources should be focused to improve #corporateculture, which is why understanding exactly how culture is a risk is important. Learn more here: strategicdecisionsolutions.com/culture-is-a-r… #ERM #erminsights #culturerisk

Choosing the best #riskassessment method has become 2nd nature to me, but it was good to review some basic considerations recently. Today’s article outlines 7 considerations for choosing the right method for your organization’s needs tinyurl.com/2rfxewz6 #ERM #erminsights

#Layoffs create risks, especially if they are not handled properly, but there are alternatives. Today’s articles explores these risks and alternatives. Also learn how a layoff should be handled should that truly be the only option tinyurl.com/2p9xmhdm #ERM #erminsights

Nature can be beautiful & fascinating, & according to Warren Black, can help ensure your co’s long-term success. Learn about characteristics found in nature that companies can apply to make themselves more resilient in a chaotic world #ERM #erminsights tinyurl.com/4r4anfht

#Topriskreports can start a conversation, but they're not reliable. A better way to understand #emergingrisks is to look at trends. Today’s article explores this w/ impacts (plus and minus) of #EVadoption on the #autoinsurance industry. tinyurl.com/nknf5usp #ERM #erminsights

#KRIs and #KPIs can be valuable #ERM tools for getting ahead of risks & opportunities, but many struggle to harness them properly. Today’s article explores the basics of each, how they differ, and criteria for choosing which one to use. tinyurl.com/mr3d2vwn #erminsights

Hiring a #consultant is inevitable, but what exactly are the reasons for a company to seek one out? Today’s article explores 4 common situations, along with a few tips for ensuring your co gets maximum value out of hiring a consultant tinyurl.com/2nnd7975 #erm #erminsights

Many believe you have to be the 1st at something to be great, but many successful companies were not the first on the scene. Learn how #riskmanagement tools can be helpful to know the right time and approach. strategicdecisionsolutions.com/why-being-firs… #ERM #erminsights

Fact: Many companies struggle to get value out of #ERM. Why? It takes too long to complete assessments, deep dives,& reports. Today’s article explores why & how ERM can begin to shift its approach to provide timely insights to decision-makers tinyurl.com/2t2vcv4p #erminsights