Posts From Steven Slezak
Risk management is at the core of strategy development
Strategy does not just happen. It is the result of a systematic process and risk management is at the core. Strategy is a dynamic process characterized by three distinct stages:
Sound risk management creates competitive advantage
Companies can be analyzed in terms of the relative maturity of their risk management practices. This helps us understand how a company uses risk management to create value and develop
Is risk management a part of competitive advantage?
Competitive advantage is dead! Long live competitive advantage! GRI continues its series on risk management Several previous posts argue that strategic risk management creates value for a corporation by operating within
Companies shouldn’t risk how they manage risk
To quote UCLA Coach John Wooden, “Never mistake activity for achievement.” Integrating risk management into the corporate value chain is a daunting proposition. Policy is not enough. Execution is critical.
Corporate risk management still lags behind
The good news is strategic risk management is beginning to gain traction. The bad news is practitioners still think traditionally. A survey released recently by Deloitte and Forbes Insight, celebrates
Why corporate cultures needs to adopt risk management
If we accept the idea that risk management is part of a corporation’s competitive advantage, and thus part of its value chain, important implications follow. Key among them is Enterprise
Companies fail to see risk management as competitive advantage
Risk management is an important strategic function of management, yet most companies fail to see its benefits and focus on short-term costs. The financial crisis provides an opportunity to integrate
Forget finance: Agribusiness risks could reap greater rewards
The agribusiness sector offers investors greater risks and rewards than the financial sector: take a look for yourself. Imagine a decentralized global industry, historically important to the political and economic
Risky Business: Addressing Agriculture Supply Chains
A study published in 2011 by The Federal Reserve Bank of Kansas City stated: Strong global food demand and robust biofuels markets have strained the current production capabilities of global
A Secret for Success: Understanding Risk Management
If the state of risk analysis could stand some improvement, what does that say about risk management? The point is, flawed risk analysis leads to poor risk management: garbage in,
