Too often we do things without understanding why.
Look at the latest report from the Enterprise Risk Management Initiative at North Carolina State. Their 2018: The state of risk oversight is intended to provide “an overview of enterprise risk management practices”.
I will come back to that claim.
But first let’s consider why we need to consider risk.
Some time ago, Deloitte conducted a survey and asked board members and top management the right question:
Does risk management at your organization help you set and then execute on strategies?
Tell me whether you agree with these…