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Guest Contributor

Recent Posts by Guest Contributor:

Risk Management Success: The One Crucial Component Risk Managers Need to Know

This is a guest post written by Carol Williams, founder and principal consultant of ERM Insights by Carol. Carol helps mid-sized organizations prioritize resources to focus on the biggest threats and opportunities. Grab her free ebook on how enterprise risk management is different from traditional risk management.

All successful endeavours that stand the test of time look at the big picture. History is replete with examples. If Henry Ford did not think about the big picture of mobility and production, would the iconic brand still be around today?

The same principle is true for initiatives within an organization – if you do not consider the big picture of how it will deliver value and achieve long-term goals, the effort has a higher risk of stagnation and even failure.

Topics: ERM reputation risk big picture risk management

Cloud vs On-Premise Software?

This is a guest post by Sara Carter. Sara is a co-founder of the website Enlightened Digital, entrepreneur, and Bostonian.  While writing in the tech and business space, her goal is to explore how changes in the digital world affect business growth and professional development, especially for women.

There are many options and vendors when it comes to computing software. For example, there are application suites such as enterprise resource planning (ERP), customer relationship management (CRM) offerings, and collaboration and content management applications in the software as a service (SaaS) race. However, there are a few other decisions to be made when it comes to utilizing this type of software solution. Organizations can either look to cloud hosting services or they can maintain their on-premise system.

Topics: benefits of cloud computing cloud computing on-premise software cloud vs in-house

Reducing Your Risk of a Public Liability Claim

 
The following blog post is a guest post by Laurie Joyce.

As we all know, running a business is complicated. There are so many aspects of your business to consider: getting the clients, doing the job, keeping track of costs… the list just goes on. One more thing you certainly don’t want to add to your long list is a Public Liability claim.

This itself brings its own long list, so it’s important to run your business efficiently, well, and above all consider the risks that may be involved so you can plan to reduce this from the get-go. 

Topics: public liability claim risk management procedures public liability risk reducing public liability

What to Include in a Successful Disaster Management Communication Plan

The following blog post is by a guest blogger, Regan Hipp. Regan writes about business, finance & risk management at www.homeinsurance.org. 

Disasters are by definition impossible to foresee. An inefficient communication plan may even provoke more damage than an act of God.
 
When a disaster happens, an emergency response team must place a public information officer and hand them a communication strategy, so that they know how to handle the flow of key information among both the general public and public safety agencies. 
 
If you're new to the field, here's what you need to know. 

Topics: disaster management communication plan disaster management crisis management plan

Establishing an Enterprise Risk Management (ERM) Framework

The following is a guest blog post is from RiskArticles.com.

Enterprise risk management (ERM) is an ongoing process designed to manage all risks within a firm. The Commission of Sponsoring Organizations of the Treadway Commission (COSO) defines ERM: 

“Enterprise risk management is a process, effected by an entity’s board of directors, management and other personnel, applied in strategy setting and across the enterprise, designed to identify potential events that may affect the entity, and manage risk to be within its risk appetite, to provide reasonable assurance regarding the achievement of entity objectives.”

It is important to establish an ERM Framework because it enables a firm to gain a clear view of its overall risk level. Discussed below are the steps that need to be taken to establish an ERM Framework, the potential benefits that can be expected, and the challenges that may be faced.

Topics: Risk Management Process ERM enterprise risk management

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