recommendations for a proactive approach to risk management

I think we can all agree, as Deloitte surmises, social media is creating a world that is more connected and networked where information (accurate and not so much) is rapidly dispersed. Disruptive mobile technologies are supporting the high-availability of this information. The convergence of social media and mobile devices, rapidly evolving societal and cultural expectations, and information that is both necessary and unnecessary is escalating the type and influence of reputation risks in our organizations.

Do you agree or disagree with these statements? What other forces are driving this trend? What are your recommendations for a proactive approach to risk management in this context?

Pre-requisites

• Read the textbook Chapter 6: Strategic Risk Management at the LEGO Group: Integrating Strategy and Risk Management
• Watch the Week 3 recorded presentation for Chapter 6
• Watch the Content Lecture: IT Risk Management

Chapter 6 Presentation : https://www.youtube.com/watch?v=n0K6jqN5t8I

Week 3 lecture : https://youtu.be/6Gzd9LKN7Uk