Global risk in the transformation age. Companies are reconsidering their risk thinking and approaches, but they’re also transforming to align with changing market imperatives—and in the process, exposing themselves to multi-directional risks.
The report builds on results from our annual survey of over 800 global executives and examines how companies are rethinking their risk strategies, and organization and analytical techniques to cope with today’s complex and uncertain environment, where risks can come swiftly, unexpectedly and with far-reaching implications. The findings shows that widespread business transformation is further complicating the risk landscape by exposing companies to new strategic, technical, talent and reputational risks. To augment our statistical findings with management insights and best practices, we conducted in-depth interviews with senior executives at a number of financial and industrial companies.
Our study identified five key issues that global companies will want to address: