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Study looks at risk management’s evolution to strategy

Joe Mont | June 22, 2017

Risk. Everybody has it, but what are smart companies doing about it?

A recent Deloitte Global report, “Taking Aim at Value: Avoid Overconfidence and Look Again at Risk,” surveyed board members and the C-suite to better understand how they view their organizations’ capabilities in balancing risk and reward.

The report notes that, despite operating in an increasingly complex environment, boards and C-suite leaders are extremely optimistic about their risk awareness and capabilities. Should they be? Are senior stakeholders overstating their organization’s risk prowess?

In a world of unprecedented change and rapidly evolving technology, companies are increasingly vulnerable to new and existing threats. Their risks, according to the report, can also create opportunities for value creation and competitive advantage.

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