ERM
Implementing ERM in 2018

The new year naturally acts as an inflection point in our lives: A time when we decide emphatically that the mistakes of yesterday are no more and from this moment forward we will (insert your New Year’s resolution here). Oftentimes, these resolutions are a way of forcing...

PTO
The Impact of PTO on Employee Productivity

Personal Time Off (PTO) is a great mechanism for providing employees with leave – but it can have a negative impact on business operations. Before you get too nervous, if an employee uses PTO as intended, there is little associated impact. However, when PTO encompasses both...

Navigate Prepare Employees for Crisis
Preparing for a Crisis Means Protecting Your Employees Too

After a reasonably quiet summer, the United States is dealing with the aftermath of four major hurricanes in just a few short weeks. The ramifications of these natural disasters are far-reaching, affecting people both at home and at work. After such a crisis, how can...

Design Thinking and Risk
Design Thinking: A Tool to Stay Ahead of Risk

Last year I wrote about the importance of getting ahead of the next emerging risk. As I said then (and it’s worth repeating now), the ability to detect risks as early as possible, measure their potential impact, evaluate options, agree on a course of action,...

The Greater Philadelphia Risk Network Logo
Introducing: The Greater Philadelphia Risk Network

  I have nearly 20 years of experience helping clients manage risk, and I’ve always valued advice and guidance from my peers on what’s working for them and what’s not. So, when I joined Navigate in 2016, I found myself asking, “Where do the cool risk...

Risk Management Techniques
3 Underutilized Risk Management Techniques

In business and in life, a new year gives us the chance to hit the reset button, evaluating the previous year and planning for what’s next. If you’re involved in risk management, you especially know this to be true – annual risk reviews are fairly...

TLFRIEDMAN
An Evening with Thomas L. Friedman

On December 1, I, along with Jeremy Terr, Director of GlaxoSmithKline’s Risk Scanning & Detection program, had a chance to attend a presentation by Pulitzer Prize winning journalist, bestselling author, and New York Times columnist, Thomas L. Friedman.  Mr. Friedman is a regular speaker at World...

Risk
The Real Risk in Revenue Recognition

As discussed in our introductory Revenue Recognition blog post, the Financial Accounting Standards Board (FASB) Accounting Standards Codification 606 (ASC 606) will take effect in 2018 or 2019, depending on public vs. non-public designation, and will affect revenue recognition and financial reporting processes for almost...

RiskCulture
Corporate Culture and its Impact on Risk Management

In describing what caused the recent scandal at Wells Fargo, former CEO John Stumf said that employees “failed to honor the bank’s culture…to ‘put the customer first.’”  Whether or not you believe this sentiment is a primary root cause, the harm suffered by the bank...

RevRec
Are You Ready for the New Revenue Standard?

In a little over a year, a new accounting standard (ASC 606) will be enacted, impacting how companies recognize revenue and causing ripple effects across multiple departments, business processes, and stakeholders. The new guidelines are very pervasive and represent one of the greatest shifts in...

Change Management Done Right
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