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Nov. 14, 2013


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US employers rank stress as top workforce risk issue
Business Wire via The Wall Street Journal
Stress is the number one workforce risk issue, ranking above physical inactivity and obesity, according to the 2013/2014 Towers Watson Staying@Work Survey. However, only 15 percent of employers identify improving the emotional/mental health (i.e., lessening the stress and anxiety) of employees as a top priority of their health and productivity programs. While stress can energize workers to meet challenging goals, it can also overwhelm them and interrupt business performance.
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Using the '6 Value Medals' to identify and assess risk
By Dr. David Hillson
Edward de Bono is famous for promoting creative thinking, and he has written many books to explain his radical ideas. Perhaps his best-known technique is "Six Thinking Hats," encouraging people to adopt a range of different perspectives when thinking about an issue. Indeed, "Six Thinking Hats" can be helpful in risk identification. One of de Bono's other thinking tools is the "Six Value Medals." These describe different types of value that are important to people and organizations, and against which we can perform a "value scan" when making decisions or determining courses of action.
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Economist: Shale having positive impact on global economies
Rubber News
Economies around the world are improving, with North America in particular improving as new supplies of shale gas feedstock come on stream. "The dull, old economies are showing signs of life, even as the emerging ones look a little wobbly, IHS chief economist Nariman Behravesh said at the Global Plastics Summit, held earlier this month in Chicago. "The world stage is set for modest acceleration this year and into 2014," he added. "U.S. growth is set to strengthen in spite of the problems in Washington. China growth is stabilizing, but there are major challenges ahead.
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Addressing mental health in the supply chain: Are companies doing enough?
The Guardian
Support networks for farmers have been scaled down in recent years. As a result, their mental well-being has being affected, they are not coping with the financial pressures of rural poverty and some are even thinking of taking their own lives. Beyond charities that may be able to give support, the onus is also on multinational companies to make their supply chains more accessible to smallholders, so they can bring their produce to market and grow their businesses. The consequences of companies failing to take these measures, or to understand the support needs of workers low down in supply chains, can be fatal.
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Handling a reputation crisis
Forbes
In an age where Internet searches rule consumer research, most companies can't afford negative content. Bad social media postings about a company can lead to a loss of sales that can eventually cause that business's decline. When a company finds unwanted information on social media sites, the initial response will often be something similar to the five stages of grief. But before you progress from denial to anger, it's important to think things through before firing off a strongly-worded response.
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Board members create security risks
Reuters
Just as surveys show that risk management is commanding the attention of C-suite execs and board members, a recent Thomson Reuters report says board members are themselves big risk factors.

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Proper holiday decor in the workplace
Jessica Taylor
With the fall and winter holidays quickly approaching, many offices are bringing out their decorations to lift spirits for the seasons. It's also the time for the annual argument of what's appropriate, if anything.

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RIMS report helps risk managers better understand reputational risks
Business Insurance
The Risk Insurance Management Society Inc. recently released a new report, "Understanding Reputational Risk," to help members better understand and evaluate what has become a top concern for many organizations.

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Why risk management plays such a large role in our energy future
OilPrice
Optimistic energy supply forecasts permeate the media even as the occasional dire scenario gets coverage. But, it is well to remember that none of the people making forecasts can know the one thing they all desperately want to know: the future. We can't know anything about the future for certain, and yet we must plan for it. So, how do we go about doing that? One answer is simply to hope that the prognostications we favor will turn out to be true. But, a better approach for serious and important matters is to employ risk management.
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The assurance of a good business continuity program: Ensuring business well-being
New York Real Estate Journal
Security directors are well aware of the need for regular review of security practices to ensure visitors, guests and employees remain safe. Day to day operations for safety directors should also include an eye towards planning for a business disruption or emergency. Thorough property/asset review and regular training are successful components of any plan to reduce vulnerabilities.
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Small businesses reveal the risks bothering them
Insurance Business
Small businesses are increasingly concerned with cash flow more than any other risk as putting food on the table is more important than shareholder profits, research has revealed. A survey by Aon into more than 5,000 companies with revenue of less than $2m found that the top five risks for small businesses are cash flow; increased competition; reputational damage; regulatory or legislative pressures, and injury to staff and customers.
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Empowering executives with social intelligence
Business 2 Community
While most companies are using social media on a tactical marketing level and for executing reputation monitoring, very few are leveraging the advantages social business intelligence delivers to their boards and senior managers to set strategy. Social media has become "big data" with exponential growth in terms of volume, velocity and variety. Today, social media is changing the world and disrupting everything it touches, from government and society, to corporations and brands, 24 hours a day, seven days a week, on a global basis. Social media is among the best, and at the same time, among the most potentially destructive forces in society today.
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Good samaritan, bad policy?
Human Resource Executive Online
Wal-Mart recently made news by firing — then offering to rehire — an employee who violated company policy while helping a woman being attacked on store property. While workplace violence policies are certainly necessary, employers may still want to consider circumstances and intent when disciplining employees who come to another's aid, say experts.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    RIMS report helps risk managers better understand reputational risks (Business Insurance)
Workplace bullying: When adults do not play nice at work (Chicago Now)
Enterprise risk management: What's in your MROM? (National Mortgage Professional)
How strong is the economic recovery? (Bloomberg)
Technology 'biggest risk to supply chain' in 2014 (Business Reporter)

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