Wednesday, January 18, 2023

Initiativesofriskagility

In business, every day is a risk, when a company embarks on a growth strategy, the risk curve will always be greater than a business as usual approaches.

Due to the “VUCA” characteristics -Complexity, Uncertainty, Ambiguity, and Velocity of the Digital Era, the directorship in any organization must have the agility to adapt to changes and build abilities to advise, inspire and motivate a group of people toward accomplishing shared visions and goals. The important characteristics of digitalization are over-complexity, uncertainty, and ambiguity.

Hence, GRC (governance, risk management, and compliance) becomes more critical than ever. Here's the context; how should GRC programs be approached? Should technology be a driver? Can you achieve any level of GRC without automation? Can you achieve any level of GRC without people? What is the real driver of GRC? Modern corporate boards play significant roles in guiding businesses in the right direction and achieve expected business results. Here are the multiple perspectives of shaping a strategic boardroom with digital acumen.

Initiatives of Risk Agility


Initiativesofriskagility In face of unprecedented opportunity and risk for organizations today, it is nevertheless true that change itself has become unpredictable and evolutionary, business leaders today can’t predict every turn or curve on the journey. There is a great deal of uncertainty and ambiguity involved in the risk management process. There are strategic risks, operational risks, and systemic risks, etc. The efforts on identifying, integrating, measuring and managing risk systematically are critical to build business advantage in the long run.

Initiativesofriskimprovement In running a business, everyday is a risk, what are the risk management blind spots? Is it because the management is too preoccupied with those nitty-gritty risks whilst losing sight on the big picture risk. Is it because the risk management program is immature and shortsighted?

Initiateriskassessment In business, every day is a risk, when a company embarks on a growth strategy, the risk curve will always be greater than a business as usual approaches. The business management needs to ponder: Is your market sector volatile or relatively stable? What are the biggest risks in risk management? How to manage risk holistically? What are crucial components of holistic enterprise risk management solutions? Etc.

Increaseriskawareness Due to the “VUCA” characteristics -Complexity, Uncertainty, Ambiguity, and Velocity of the Digital Era, the directorship in any organization must have the agility to adapt to changes and build abilities to advise, inspire and motivate a group of people toward accomplishing shared visions and goals.

Initiativesofriskintelligence With “VUCA” digital new normal, risk management should be an integral business discipline and a crucial component of the business transformation approach. There are many out there that simply don't understand, or appreciate the benefits of risk and opportunity management.

The “Future of CIO” Blog has reached 10 million page views with 10300+ blog postings in 59+ different categories of leadership, management, strategy, digitalization, change/talent, etc. The content richness is not for its own sake, but to convey the vision and share the wisdom. Blogging is not about writing, but about thinking; it’s not just about WHAT to say, but about WHY to say, and HOW to say it. It reflects the color and shade of your thought patterns, and it indicates the peaks and curves of your thinking waves. Unlike pure entertainment, quality and professional content takes time for digesting, contemplation and engaging, and therefore, it takes time to attract the "hungry minds" and the "deep souls." It’s the journey to amplify your voice, deepen your digital footprints, and match your way for human progression.



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The "Digital Boardroom: 100 Q&As" Introduction


The "Digital Boardroom: 100 Q&As" Chapter 1 Introduction: The Digital Board's Composition Inquiries


The "Digital Boardroom: 100 Q&As" Chapter II Introduction: The Digital Board's Digital Inquiries


The "Digital Boardroom: 100 Q&As": Chapter III Introduction: The Digital Board's Strategy Inquiries


The "Digital Boardroom: 100 Q&As" Chapter IV Introduction: The Digital Board's IT Inquiries


The "Digital Boardroom: 100 Q&As" Chapter V Introduction: The Digital Board's Leadership Inquiries

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