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Risk: See it, share it, sort it

Operating in the current risk landscape is a lot like playing whack-a-mole. But by viewing the most pressing threats through a new lens and collaborating across silos, companies can change the game. Insights in our latest strategy+business digital issue.
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Cover of March 2023 digital issue of strategy+business
In the March 2023 digital issue of strategy+business:
Risk: See it, share it, sort it
By seeing the risks that matter and collaborating across silos, leaders can nimbly manage threats—even as they create value and build trust.

This issue of strategy+business shows leaders a new way to view risk, and a new, more collaborative way to identify—and approach—the risks they face. It's time to change the game.

For business leaders, operating in the current risk landscape is a bit like squaring up to a hectic game of whack-a-mole.

And just like in the old carnival game, the risks that companies face don’t just pop up one at a time, but come in pairs or even groups.

Illustration of Jamil Farshchi, chief information security officer of Equifax
Risk culture is assessed through action. If you’re not willing to slow down a digital transformation or delay the release of a product because of a security risk, that suggests that the organization does not have the right kind of culture. Those are the tough trade-offs that demonstrate that the company is willing to put its money where its mouth is in terms of managing risk effectively.