Creating value from risk
Benefiting from a strategic risk approach
Business is all about risk taking. You cannot run an organization that is so risk averse that it can’t deliver strong returns for its constituents.
Addressing the growing number of risks
In this interview in the Deloitte-sponsored module of the Wall Street Journal’s Risk & Compliance Journal, Owen Ryan, former CEO of Deloitte & Touche LLP’s Risk Advisory practice, discussed what companies and their boards are doing to address the growing number of risks—from adding new positions to oversee risk, to using wargaming and scenario planning to build and test strategies and plans, to looking for ways to use risk strategically in order to build value. And when it comes to using risks opportunistically and taking action on risks that might threaten the business, the importance of speed, he advises, can’t be overstated.