Organizations that develop both resilient and agile business practices will see greater flexibility and success over time, according to a new study from PricewaterhouseCoopers (PwC).
“Companies today that leverage risk management as both an offensive and defensive tactic are leading the way in maintaining long-term success,” said Dean Simone, leader of PwC’s U.S. Risk Assurance practice. “Finding that right median will come differently to companies and industries across the board, but the key is to strike a balance that allows for growth at a comfortable pace, relevant to the risk appetite and tolerance levels set by management and accepted by the board.”
Erin Ayers, Risk resiliency combined with risk agility translates into long-term success: PwC (April 28, 2016), available with subscription at Advisen Professional Front Page News.
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