Strategic risk. Operational risk. Compliance risk. Financial risk. It may seem overwhelming, but smart leaders know risk and opportunity are two sides of the same coin. In today’s unpredictable and highly competitive business environment, it’s critical to effectively manage not only the risks that can threaten value — but also the risks that an enterprise must take to create value. To do this, leaders need to embed a thoughtful awareness of risk into the very fabric of the organization. People, processes and technology must all work together to help the enterprise stay in control of the risks it chooses to take.
At Deloitte, we help companies create a Risk Intelligent Enterprise™. One where the board sets the tone and direction for risk oversight; where management integrates risk considerations into strategic decision-making; where business units and functions incorporate risk-aware thinking into every action they undertake. That’s what we call Risk Intelligence, and it’s a powerful way to gain control of the spectrum of risks that any enterprise must face. Learn more about this practice.
Subscribe:
Governance and Risk Management |
Follow us on Twitter
Risk can be a maddeningly tough business management concept to pin down.Theoretically, everybody gets it. But practically? That’s a different story. That’s why we created the interactive Risk Intelligence prism and accompanying video – to help guide your thinking.
* GRC: Governance, Risk & Compliance; ERM: Enterprise Risk Management; ICRM: Integrated Compliance and Risk Management