Unleash the Power of Adhocracy in the Face of Emerging Risks

BPRO
Unleash the Power of Adhocracy in the Face of Emerging Risks

While every organization has a risk assessment process, we often hear that the process as it exists now is too static — but change never ceases, as all of us have learned in 2020. Enter adhocracy. The term “adhocracy” has evolved to describe an organizational approach that cuts across normal bureaucratic lines to capture opportunities, solve problems and get results. This issue provides six suggestions for management to employ adhocracy to foster a risk-savvy culture that facilitates the recognition and communication of emerging risks up, down and across the enterprise so that critical and creative thinking can flourish. Working toward such a culture will help inform the board’s risk oversight.

 

Click here to access all series