The business environment continues to change – and with it, the landscape of opportunities and risks that companies face. Part of the challenge when assessing this landscape is looking far enough into the future. Companies and their boards of directors should be thinking about the implications of longer-term trends that reach beyond the planning horizons considered by management during the strategy setting and risk assessment processes.
Is your organization thinking sufficiently long term? This issue of Board Perspectives: Risk Oversight, discusses the World Economic Forum’s (WEF) annual update on global risks, and considers whether risk assessment processes use a time or planning horizon that looks far enough into the future.