Analysis

Forbes Insights survey: Taking aim at value

Avoid overconfidence and look again at risk

This Forbes Insights survey of the C-suite and boards, on behalf of Deloitte, explores risk as a value creator and shines a spotlight on overconfidence.

Executive perceptions of risk

Deloitte’s global survey report, Taking aim at value: Avoid overconfidence and look again at risk, examines C-suite and board perceptions of risk, their risk priorities, and how leading companies are evolving their approaches to risk. The survey, conducted by Forbes Insights on behalf of Deloitte, found an abundance of confidence among senior stakeholders regarding their organizations’ risk-related capabilities and actions. But a deeper look reveals significant need—and opportunity—to evolve risk strategies and response.

The report discusses:
  • Building closer alignment between value creation and risk
  • Establishing and optimizing the role of the chief risk officer (CRO)
  • Addressing strategic risks and opportunities (including disruption)
  • Forging a response—key steps to managing risk to create value and protect it

While the majority of organizations give solid marks to their risk management programs, it’s clear many fall short across a range of key objectives. To ensure future success, companies must actively harness risk to drive returns, and have a full-time CRO who can be a strategist.

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Taking aim at values

About the survey

To better understand organizational capabilities in balancing risk and reward, Forbes Insights, on behalf of Deloitte, conducted a survey of more than 300 senior stakeholders (excluding CROs) from companies representing every major industry and geographic region.

The survey, conducted in the fourth quarter of 2016, sampled a range of companies from $1 billion in revenue and up, including 23 percent over $20 billion.

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Explore more research and findings from additional risk management surveys and learn how you can lead, navigate, and disrupt in your industry.

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