VentureBeat featured our thoughts on the importance of leveraging your team’s knowledge for risk management purposes. Excerpt below — full version available at VentureBeat
Senior executives across a wide variety of companies found themselves confronted with the threat of supplier bankruptcies – and the frustration of not knowing which specific suppliers were most at risk. As companies scrambled to enhance their risk management capabilities, there was a ravenous hunger for data. Specifically, we saw a sharp increase in demand for financial and operational data about suppliers. However, in my many conversations with senior executives, I repeatedly heard: “I have an army of people on the ground; surely they know where the risks are.”
Bookmarked your website. Thank you for sharing. Definitely worth the time away from my classwork.