Organizations can no longer afford a reactive approach to risk management

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Board members and C-suite executives around the globe are most concerned in 2021 with risks associated with COVID-19-related government policies and regulations, economic conditions that may restrict growth and market conditions that may continue to impact customer demand, according to a survey from Protiviti and North Carolina State University.

reactive approach risk management

Amid these near-term headwinds, when asked about top concerns through 2030, business leaders cite challenges that ultimately ladder up to talent.

High ranking risks – including the adoption of technology that requires new or upgraded skills, rapid innovation that threatens business models and the reimagining of creative strategies – point to a need to attract and retain top talent and invest in reskilling and upskilling workforces to ensure agility and resilience in the future.

The study surveyed 1,081 board members and C-suite executives from organizations in a variety of industries and in all regions around the globe.

The top 10 risks for 2021

Survey respondents were asked to rate 36 macroeconomic, strategic and operational risks, including new risks that emerged this year related to the pandemic and social justice….

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