The July/August edition of Consulting highlighted key risk consulting opportunities identified in Accenture's recent survey of more than 250 c-level executives from around the world. In order to dig deeper into the findings, Consulting's One-on-One sat down with one of Accenture's top corporate risk management practice leaders Bill Spinard.
Consulting: What were the survey's key findings?
Spinard: First of all, it's important to realize that the survey was conducted in late fall and early winter 2008–the height of the economic crisis. And so we were perfectly timed to take the pulse of how they were managing through this unprecedented volatility. As a result, it's not entirely surprising that 85 percent of C-level executives said they needed to make significant upgrades to their risk management systems.
Many executives identified one of the biggest problems was the lack of integration in their risk management systems. In many cases, we see company's risk systems as siloed, focused only on a discrete function. So, I find it encouraging that clients realize that they now want help pinpointing how to incorporate risk management into strategic planning, strategic budgeting and performance management
To continue reading, become an ALM digital reader
Benefits include:
- Authoritative and broad coverage of the business of consulting
- Industry-leading awards programs like Best Firms to Work For, Global Leades and Rising Stars
- An informative newsletter that goes into the trends shaping the industry
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
