Are you or someone you know the type of person who likes to say ‘yes’ to most invitations or requests? For those who fit this description, the end result of this mindset is often exhaustion, burnout, and even illness at times. On an emotional level, this kind of ‘people pleasing’ can create feelings of resentment, […]| Strategic Decision Solutions
Our VUCA world means companies have to step up their game, which is why risk assessment questions are critical for getting the insights leaders need.| Strategic Decision Solutions
With sky high uncertainty, execs understand the need to improve decision-making. ERM should help do this, but what about those with no formal process?| Strategic Decision Solutions
Facilitating a risk and strategy conversation is a neglected skill. Learn 3 steps to take in the first five minutes to ensure a successful meeting.| Strategic Decision Solutions
Besides heat maps and risk appetite, the phrase for explaining our role is a matter of debate. Should the term risk management be used...| Strategic Decision Solutions
Discover enterprise risk management solutions with an objective-centric ERM program designed for building a more resilient insurance company| Strategic Decision Solutions
Being an effective ERM professional is about more than just knowing a standard. It requires certain personas (...not skills) that can be difficult to learn.| Strategic Decision Solutions
It’s sometimes hard to believe that 25 years have passed since the turn of the 21st century. While that’s a relatively short amount of time in the grand scheme of things, it seems like an eternity for the amount of technological change that has taken place. Although we had email and the Internet, there was […] The post Ensuring Long-Term Viability: Responding to Mega Uncertainty appeared first on Strategic Decision Solutions.| Strategic Decision Solutions
Just because the outcome of a business project or strategic initiative is acceptable doesn’t mean the road getting there was smooth, which is why many companies conduct a ‘lessons learned’ or ‘post-mortem’ to examine what went well, what didn’t go well, and what could be done differently. Hindsight is 20/20 as the saying goes… This […]| Strategic Decision Solutions
If there’s one overall attribute of an effective ERM professional, it’s patience. It can be demoralizing to constantly explain and explain risk concepts, just for it all to seemingly fall on deaf ears. Depending on where the company is starting, it can seemingly take years for the business to fully grasp and embed risk into […] The post Risk Appetite from Concept to Operational Reality: An Inspiring Story appeared first on Strategic Decision Solutions.| Strategic Decision Solutions
No matter if you greet the end of summer with jubilation or dread, this is typically the time when companies begin their strategic planning for the next year and beyond. Despite the importance of having a strategic plan, many companies either struggle to achieve the goals, or worse, have no plan whatsoever. ‘Good’ companies have […]| Strategic Decision Solutions
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
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
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
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
Effective ERM, including risk reporting and communications, is like a chemistry class – it will take some trial and error to get it right.| 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
