Proactive risk management can mitigate risks early
December 2018

December 2018

Source: Financial Director

Although traditional enterprise risk management works well for complex organizations facing risks that have already been determined, they may fall foul of emerging risks due to lacking the agility to adapt in time. In contrast, proactive risk management offers organization-wide engagement to ensure a dynamic response to risk. This approach involves identifying emerging risks early, determining how they should be prioritized, and then responding to them quickly and effectively.

In this article, Tom Teixeira, Emily Channon and Marcus Beard at Arthur D. Little, discuss why developing a ‘sixth sense’ of risk can be hugely valuable to organizations.