Many companies are prepared for a big disaster. But what some executives overlook is how to manage everyday risk and create a strong, resilient organization able to withstand and anticipate industry-wide disruption.
Cyber attacks are often associated with the theft of money, customer data or the disruption of company procedures. Now, senior executives are becoming increasingly concerned about the security of what is arguably a far more important asset: their intellectual property.
Managing cash holdings used to be a relatively simple matter of plonking money in the bank and watching it earn a modest return. Now, the whole world of liquidity management is seemingly turning upside down, forcing CEOs and their treasurers to consider different investment strategies to avoid being punished for saving.
For a man heading a bank plagued by a series of scandals, Deutsche Bank CEO John Cryan appears to be avoiding a common mistake made by leaders of companies stung by poor workplace cultures or rogue employees. He hasn't fallen into the micromanagement trap.
Risk sensing harnesses analytics in the risk management space, scanning big data to generate insights into strategic risks—that is, when done right. A new Deloitte/Forbes Insights study found that four in five (80%) companies have risk sensing capabilities. However, many companies’ risk sensing efforts today have potentially serious flaws.