Risk in review: Understanding and managing global risk in the transformation age
Strengthening risk management techniques around resilience, people, technology, and next-generation risk analytics
As companies continue to transform their businesses to succeed in today’s fast-changing global environment, they remain concerned about growing external market risks that can derail their strategic priorities.
These changes in business direction are adding further complexity to the global risk landscape, and well-positioned businesses are taking decisive steps to bolster their risk management techniques to focus around four strategic response categories: resilience, people, technology and next-generation risk analytics, the survey finds.
"Continued recessionary pressures, global financial shocks, increased taxation and excessive government austerity are top-of-mind risks for board members and executives because of the serious impact they can have on businesses," says Dean Simone, leader of PwC’s US Risk Assurance practice. "Changes in business direction have also exposed companies to new risks, and the interplay of market and business transformation is creating complex risk linkages that can be fragile and difficult to predict. This complexity requires businesses to rethink their approach by taking a holistic, multifunctional view of managing risk."
Benchmark global risks and their impact on your organization
To explore the data, we have created a custom Benchmarking tool where you can select your risks and rate their impact, to see how you compare against your peers
