Managing risk and building resilience
In an increasingly interconnected, volatile and uncertain world, it’s clear that the risk landscape is changing. Both the speed at which risk events occur and the extent to which they spread have risen dramatically. Risks that once seemed improbable and even remote have also become the norm. Business leaders everywhere must now ‘expect the unexpected’.
To navigate through turbulent times, companies need to develop a new trait: resilience. This combines the ability to ride out the immediate impact of shocks with the agility to adapt to constantly changing conditions. Organisations that can understand and manage their risks effectively are better placed to grow, confident they can withstand known and unexpected risks alike.
What does this mean for your business?
An increasing number of businesses are now focusing on risk resilience as well as risk management. They’re exploring new ways of managing unpredictable threats, including collaborating more closely with governments, changing their remuneration schemes to encourage more risk-aware behaviour and breaking down internal barriers to ensure a holistic organisational response to risk.
Many companies are also using scenario planning to get a better understanding of global risks. And they’re adopting new processes and incentives to help close the gap between their strategic and operational risk approaches, and foster a risk-aware culture.
View our latest Risk research and insights
2014 PwC Global PPM Survey: latest trends, challenges, opportunities and opinions relating to the management of portfolios, programmes and projects.
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Suite of PPM services developed to address the most frequent and significant challenges facing selection and delivery of strategic projects and value.
Jul 31, 2014
A company’s existence depends on them: but how deeply do CEOs understand the shifting priorities and perceptions of their customers, across cultures and geographies?
Jun 24, 2014
It’s harder than ever for CEOs to find and keep the right people in the right place at the right time. Yet only 6 in 10 have taken tangible steps in the war for tomorrow’s talent.
Jun 3, 2014
Will the global growth CEOs foresee translate to their companies? The key may be in how resilient their practices are, from innovation to talent to consumer strategies.
May 9, 2014
While 81% of CEOs in our recent survey see tech innovations as a top driver of business change, only a third as many (27%) had actually implemented a change programme. Why?
May 9, 2014
Banking Banana Skins 2014 is sponsored by PwC and conducted by the Centre of the Study of Financial Innovation to explore what risks bankers worldwide are facing in the current climate and how they prioritise them.
May 8, 2014
PwC’s survey of treasury functions in over 100 organisations in 7 Asian countries, highlighting trends and developments
May 6, 2014
Business leaders know they have to stay competitive, they have to innovate for the future and attract the skills and investment they need. Against this backdrop, tax matters even more.
May 2, 2014
There’s a lot of information out there on how to make your business cyber-secure. But what are the most important to-dos? World Watch rounds them up
Mar 20, 2014