To move forward, we sometimes need to go back to the basics. This is especially true with something many orgs struggle with – the strategic plan.| Strategic Decision Solutions
What is the difference between strategic planning and annual planning? What does ERM have to do with either one? Read on to learn the various ways and why ERM being engaged in these processes helps the organization.| Strategic Decision Solutions
When discussing challenges, one of the 1st ques I ask is what governance and internal controls do they have. Learn why they're vital to successful ERM.| Strategic Decision Solutions
Once an ERM program is set up, many believe in no changes. However, since there are no guarantees, try experimentation and ERM.| Strategic Decision Solutions
Designing an ERM program involves a lot of experimentation. Some things will work, some things won't. Just like studying for an exam, you can over prepare.| Strategic Decision Solutions
What do you think the #1 challenge to ERM implementation is? I recently asked risk professionals this question. The answer may surprise you.| Strategic Decision Solutions
Let me be the first to say that even practitioners with many years of experience have lessons to learn, sometimes the hard way. I only say this to encourage you in your professional journey and growth, but also to relay a story of a recent workshop that went sideways. The story goes something like this… […] The post A Case Study in Meeting People Where They Are – 4 Lessons Learned appeared first on Strategic Decision Solutions.| Strategic Decision Solutions
Personally, I like to find the good in situations – or the silver lining – even when it comes to something as unpleasant as regulations. I totally understand the sighs, eyerolls, and general cynicism when the subject of regulations comes up. As someone who started her post-college career as an insurance regulator in Florida, I […]| Strategic Decision Solutions
Improving insurance carrier performance, decision-making, and value through creative, transformative enterprise risk management strategy...| Strategic Decision Solutions
When used correctly, tools like the bowtie model can be a simple and intuitive way for helping company leaders and others visualize how risks unfold, their consequences and relationship to objectives, and gaps in current mitigation efforts. I recently had the pleasure of exploring the bowtie model in depth with Jon Schulz, GRC Senior Market […] The post Visualize Risks, Strengthen Controls, and Communicate with Clarity: The Story of Bowtie appeared first on Strategic Decision Solutions.| Strategic Decision Solutions
What's the one ingredient that makes ERM go from good to great? Learn 6 ingredients of a high quality quality of risk and strategy conversation.| Strategic Decision Solutions
TERMS OF USE, COMMENT & PRIVACY POLICY| Strategic Decision Solutions
Many struggle with risk monitoring, but it's importance can't be overstated. Without it, ERM is a one-time exercise that will waste resources| Strategic Decision Solutions
Whether someone is talking about the expansive prairies and mountains of Alaska or the endless sea of stars in outer space, the phrase “last frontier” is meant to evoke feelings of discovering what is possible in the unknown. When it comes to ERM, nowhere does the “last frontier” label apply more than with identifying and […]| Strategic Decision Solutions
What is one thing all hugely successful individuals and companies have in common? The answer is – they all failed many, many times before they became the success stories we read about today. There are literally countless examples I could cite, but a few favorites include: Harland Sanders – commonly known as Col. Sanders, the […]| Strategic Decision Solutions
The majority of content on ERM focuses on process while people skills gets glossed over, which can prove fatal to achieving risk mgmt. goals.| Strategic Decision Solutions
A successful strategic plan is even more important in today’s VUCA world, but without 3 underlying components, companies will still falter.| Strategic Decision Solutions
Innovation has been around since the beginning of time, but there have been certain points in human history where it has seeped into everyday discourse. We are currently experiencing this again with the rapid rise of AI. Voices from all directions are pressuring people and companies to be ‘innovative’ and adopt AI or get left […] The post Innovation: Why Companies Shouldn’t Try to Keep Up With the Joneses appeared first on Strategic Decision Solutions.| Strategic Decision Solutions
One theme woven into countless articles on my blog over the years has been that, in spite of what different standards and best practices lead you to believe, risk assessments and other enterprise risk management (ERM) practices must be specially designed to the organization’s needs, culture, and skill sets to be effective. (Many use the […]| Strategic Decision Solutions
Do you ever feel like nobody knows what you're talking about? Could it be you're using standard risk terminology rather than words that fit the business?| Strategic Decision Solutions
Hiring an ERM consulting firm should translate into your desired outcome at the lowest cost and fastest time possible. The following questions| Strategic Decision Solutions
Many risk professionals, including myself, have come to appreciate (after years of experience) that ERM is more than a science…or a set standard or process that must be followed at all costs. There certainly is a time and place for these formal processes. But like cooking, there’s also an art to ERM, especially when it […] The post Risk Reporting and Communications – One Part Science, the Other Art appeared first on Strategic Decision Solutions.| Strategic Decision Solutions
You won't believe it, but the best way to manage project risks is to slow down. Doing so enables you to go faster in the end.| Strategic Decision Solutions
Do you feel like starting a risk identification conversation is similar to opening a can of worms? Or opening Pandora’s box? Do you cringe at the thought of trying to herd the cats (or senior leaders) during the upcoming risk assessment workshop? I get it. Why? I’ve had these same feelings – dreading the unknown […]| Strategic Decision Solutions
Like so many things, enterprise risk assessment has changed drastically. What worked 5 years ago is likely obsolete today. Learn more about| Strategic Decision Solutions
Contact us at Strategic Decision Solutions to talk about how we can work together to improve your company’s performance.| Strategic Decision Solutions
When evaluating traditional risk vs. enterprise risk management, it's natural to think "risk", but ERM is more than minimizing the negative.| Strategic Decision Solutions
We know why it’s important to create a competitive advantage, but struggle on how to do it. Explore a tool to know what this looks like for your co.| Strategic Decision Solutions
Companies who adopt ERM to satisfy regs rarely realize added value. ERM often becomes enterprise list management because of audit mindset of regulators.| Strategic Decision Solutions
