What Do ERM and Futurists Have in Common?
Across the diverse nonprofit sector, not taking a risk is a risk in and of itself in a rapidly evolving world. This session explores the intersection of ERM and futurecasting. Learn how futurecasting has strengthened one of the largest membership associations in the world accurately assess the external environment and balance risk and reward. Explore its evolution as a vital support to risk-aware decision making. Learn about the importance of mindsets, cultures and processes that encourage continuous surveillance, and evaluation and pursuit of upside risks. Learn how to take deep dives on select signals, disruptive forces and trends in social, technological, economic, ecological and political (STEEP) realms. Be prepared to assess which have the greatest potential to impact strategy and risk. Get the balance right between acceleration and caution, with an awareness that over cautiousness actually increases the risk of failure.