This post first appeared on Risk Management Magazine. Read the original article. Fleets are a serious and growing risk management challenge for public entities. The public sector collectively has the largest vehicle fleet in the United States. With 1.3 million cars and trucks, that sector is even larger than the commercial fleet segment, according to (more…)
Global Risk Concerns
This post first appeared on Risk Management Magazine. Read the original article. Headline news correlated directly with the top-10 concerns of risk managers globally in 2016, according to Aon’s Global Risk Management Survey. An increase in product recalls and scandals flamed by social media, for example, has raised organizations’ reputational risk exposure in the past (more…)
Air Traffic Control Modernization: Progress and Challenges in Implementing NextGen, Aug 31, 2017
This post first appeared on GAO Reports. Read the original article. What GAO Found The Federal Aviation Administration (FAA) is implementing the Next Generation Air Transportation System (NextGen) incrementally and has taken actions to address challenges to implementation. NextGen has enhanced surface traffic operations at 39 of the 40 busiest airports in the United States (more…)
Empowering your risk management strategy
This post first appeared on Risk Library. Read the original article. This eBook explores five key areas of risk management that can help transform the way in which organisations understand and manage risk. It further provides real-world examples to show how IBM solutions can help you deliver demonstrable business value and achieve your full potential.
A New Approach to Managing a ‘Classic’ Reputation
This post first appeared on Risk Management Monitor. Read the original article. A new Coca-Cola-sponsored contest seems to publicly acknowledge its reputational risk, but at a minimal cost that could manage or even reduce it. In early August, the beverage giant announced its Sweetener Challenge, seeking non-employees (preferably scientists or agriculture or nutrition professionals) who (more…)
Can You Have Too Many Coffee Shops?
This post first appeared on Risk Management Monitor. Read the original article. The collective mood among Starbucks (SBUX) shareholders may have been dark and intense on Wednesday, following a 1% downgrade of the coffee company’s share price by BMO Capital Markets due to “store overlap.” BMO analyst Andrew Strelzik wrote: “There are now 3.6 Starbucks (more…)
Risk Management Isn’t Just for the Finance Staff
This post first appeared on Government Executive. Read the original article. Operational leaders have an opportunity to align resources against their greatest vulnerabilities.
The ERM Value Connection
This post first appeared on Risk Management Monitor. Read the original article. Research has shown that enterprise risk management (ERM) adds value. One research paper showed that ERM adds to the value metric called Tobin’s Q. Other award-winning research has shown that ERM enables better decision making. The authors of that research state: “Specifically, as (more…)
The Risk of Being Too Delicious
This post first appeared on Risk Management Monitor. Read the original article. Shockwaves were felt around the wing-eating world last week, when Buffalo Wild Wings announced it will be discontinuing its Tuesday night half-priced wing promotion. According to reports, the franchise’s decision was a difficult one as the promotion was “a major driver of traffic” (more…)
Ransomware Ready: How to Prepare for the Day You Get Locked Out
This post first appeared on Risk Management Magazine. Read the original article. In May, a strain of ransomware known as WannaCry infected more than 230,000 computers in 150 countries, demanding about $300 in the cryptocurrency bitcoin to restore access. Primarily striking Europe and Asia, the attack crippled operations for a wide swath of enterprises, from (more…)