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Services of interest
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Arthur D. Little

Arthur D. Little has been at the forefront of innovation since 1886. We are an acknowledged thought leader in linking strategy, innovation and transformation in technology-intensive and converging industries. We enable our clients to build innovation capabilities and transform their organizations. ADL is present in the most important business centers around the world. We are proud to serve most of the Fortune 1000 companies, in addition to other leading firms and public sector organizations. For further information, please visit www.adlittle.com

Library: WTW Article Navigating emerging & interconnected risks: A blueprint for resilient strategies

WTW’s article on “Navigating Emerging & Interconnected Risks: A Blueprint for Resilient Strategies” by Jennifer Caldarella and Lucy Stanbrough discusses the complexities facing organizations as they manage risks across diverse global markets and industries. The article outlines the need for a sophisticated approach to risk management amid changing regulatory and shareholder requirements, emphasizing the dynamic nature of emerging risks and their potential impacts on organizational strategy.

Key Points

  • Accelerating Change and Increased Complexity: The article highlights the rapid pace of change and increasing complexity within global markets. Companies are adapting to enhanced governance requirements and the broader implications of managing multiple business models across different geographies.
  • Significant Economic Stakes and Emerging Trends: With the world’s largest companies responsible for substantial revenues, there’s a critical focus on understanding emerging trends that drive both risks and opportunities, necessitating a unified strategy to mitigate risks and leverage potential growth areas.
  • Artificial Intelligence as a Catalyst for Economic Value: The potential of generative AI to create significant economic value is discussed, urging businesses to evolve with technological advancements or risk falling behind, much like historical examples of organizations that failed to adapt to changing business landscapes.
  • Strategic Risk Management and Future Preparedness: A smarter approach to risk involves moving beyond traditional risk registers to a more mature risk management framework that promotes interdisciplinary partnerships and comprehensive risk understanding across an organization.
  • Need for a Holistic and Collaborative Approach: The article calls for a collaborative risk management approach that integrates diverse business functions, enhancing the organization’s ability to manage and mitigate risks effectively and proactively.

Conclusion

The article serves as a critical guide for organizations aiming to understand and navigate the complexities of the modern risk landscape. It stresses the importance of a proactive and integrated approach to risk management, ensuring that businesses are not only prepared to handle the challenges of today but are also well-positioned to capitalize on future opportunities. This approach helps organizations build resilience and adaptability, which are essential in a world where risks are continuously evolving and becoming increasingly interconnected.

Link to full report: click here

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