The champion race car driver Mario Andretti said it well: “If everything seems under control, you’re not going fast enough.” The same holds true in today’s fast-paced, complex business environment. To stay ahead, you need to lose a little control and take risk. The reality is that opportunity doesn’t exist without risk. But when risk is taken strategically—with a value-focused approach—new opportunities to accelerate performance emerge. These opportunities have the ability to enhance reputation, market positioning, and competitive advantage. To understand how far organizations have shifted their risk strategies, FORTUNE Knowledge Group, in partnership with Deloitte, surveyed US-based executives at large organizations about their views on risk management as a means of accelerating business performance.
In collaboration with Deloitte