With profound economic, geopolitical, demographic, and technological changes taking place around the world, the business environment is rife with risk and uncertainty, but also opportunity. In such an environment, the need for risk-informed decision making has never been greater.
A recent Deloitte survey asked several hundred board members and C-level executives about their views on risk and their organization’s risk management prowess. The response was encouraging—at least on the surface. They believe in their organization’s ability to balance risk and reward and understand risk in the context of opportunities. Nearly all say they take the right amount of risks, and that the work their company does to manage those risks is optimizing outcomes across the enterprise.