Risk in review 2012: Coping with the unknown: risk management strategies for an uncertain world

August 2012
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Risk in review 2012: Coping with the unknown: risk management strategies for an uncertain world

At a glance

Download this PwC paper on innovative business strategies Fortune 500 companies are using to manage unknown risks.

In today's era of complexity and uncertainty, executives are seeking out strategies and tools that will help them better manage "unknown" risks. This second paper in our Risk in Review series explores the risk-related issues executives are facing today, what they can expect for tomorrow, and highlights some of the ways executives are confronting these risk challenges. Through a survey of global executives and interviews with senior Fortune 500 executives, we identified the top five strategies companies are implementing today to manage these unknown risks:

  • Use of "reverse-stress-testing" to identify vulnerability
  • Manage crises as if they appear every day
  • Enable a company-wide response to emerging threats
  • Align risk management and strategic planning
  • Do not focus exclusively on the down side of risk events

Download the full report to learn more about the tools and techniques global organizations are leveraging to cope with and prepare for these unknown risks.

PwC's Risk in review survey respondents indicated that executives are looking for better ways to manage emerging risks and address black swan events.