2018

How to confront uncertainty in your strategy

By Chris Bradley, Martin Hirt, and Sven Smit | McKinsey&Company Lack of certainty about the future is the very reason you need a strategy. Instead, embrace probability. “Predictions are difficult, especially about the future,” quipped Yogi Berra (and, before him, physicist Nils Bohr). This rings especially true for those trying to run a strategy process. Uncertainty is not only everywhere in […]

Worsening Worldwide Land Degradation Now ‘Critical’, Undermining Well-Being of 3.2 Billion People

Source: Ipbes. Worsening land degradation caused by human activities is undermining the well-being of two fifths of humanity, driving species extinctions and intensifying climate change. It is also a major contributor to mass human migration and increased conflict, according to the world’s first comprehensive evidence-based assessment of land degradation and restoration. The dangers of land degradation, which cost the equivalent […]

GDPR goes live

Source: Airmic. EU members states are now entering the final countdown to the EU General Data Protection Regulations (GDPR), which apply from 25 May 2018, bringing a huge change in data protection. All organisations should be familiar with the main provisions of the GDPR. However, organisations must act now, asking themselves how the GDPR apply to them and take practical steps […]

Catastrophic risks: How can we assess and manage them?

By Ortwin Renn, Klaus Lucas, Armin Haas, Carlo Jaeger. Institute for Advanced Sustainability Studies.  Many catastrophic risks are major threats to the wellbeing of society. Such risks are called systemic risks. They threaten the functionality of vital services to society such as electricity production, water supply, climate stability, cyber security and amny others. With the assisatnce of complex models we may […]

A new posture for cybersecurity in a networked world

Source: McKinsey&Company. By Thomas Poppensieker (Munich) and Rolf Riemenschnitter. As the dangers mount, current approaches aren’t working. Cyberrisk management needs a root-and-branch overhaul. Until recently, financial firms and governments were the primary targets of cyberattacks. Today, with every company hooking up more and more of their business to the Internet, the threat is now universal. Consider the havoc wreaked by three recent […]

The Arctic is sending us a powerful message about climate change. It’s time for us to listen.

Source:  World Economic Forum. Arctic scientists aren’t usually afraid of a little cold. Windy conditions don’t usually get us howling. The beasts we pay attention to are usually polar bears. But last week’s “Beast from the East” triggered a few anxious conversations. Social media memes aside, our problem isn’t this one extreme weather event per se. Our key fear is […]

ISO 31000:2018

The new version of ISO 31000 was published on the 15th of February. The series of reports on the changes against ISO 31000:2009 started last year in October has now been concluded. ISO:”This document is for use by people who create and protect value in organizations by managing risks, making decisions, setting and achieving objectives and improving performance. Organizations of all […]

It’s time for a new social contract

Source: World Economic Forum. Democracy is becoming collateral damage in a world where global risks have been ignored or exacerbated by those with the power to act. The increasing authoritarianism of elected leaders, the actions of entrenched dictators, and the use and threat of military power have brought us to the edge of full-blown crisis. 2017 was a year of […]

Global Forensic Data Analytics Survey 2018

Source: EY. In this report, we look at the findings from our latest Global Forensic Data Analytics Survey. We have analyzed the responses of some 745 executives globally who generously shared their perspectives. Through this analysis, we can see specific ways in which companies can measurably improve their legal, compliance and fraud risk programs, as well as the maturity level […]

The Global Risks Report 2018

Each year the Global Risks Report works with experts and decision-makers across the world to identify and analyze the most pressing risks that we face. As the pace of change accelerates, and as risk interconnections deepen, this year’s report highlights the growing strain we are placing on many of the global systems we rely on. Preface “The World Economic Forum […]