Balancing risk agility and risk resiliency is the focus of PwC’s recently published fifth annual risk study. The report, Risk in Review: Going the Distance, makes the case that organizations that do both well are more likely to have long-term success.
Of particular interest to me is how the study defines risk agility and risk resiliency. Risk agility is an organization’s ability to “. . . respond quickly to changing markets, customer preferences, or market dynamics,” according to the study. Risk resiliency is defined as an organization’s “. . . ability to withstand disruption by relying on solid processes, controls, and risk management tools and techniques, including a well-defined corporate culture and a powerful brand.”…