Process Helps Companies Understand the Impact of Economic Trends
NEW YORK (October 25, 2016)
— A Macro Risk Analysis (MRA) enables the company to more fully understand and evaluate critical economic indicators, while providing leadership with the knowledge to make reliable and strategic decisions for the future of the organization, according to RIMS Professional Report Improving Strategic Risk Management Using Macro Risk Analysis
Released at the sixth annual RIMS Enterprise Risk Management Conference in Atlanta, the new report defines the MRA process, reviews its value and benefits and provides steps to performing such an exercise in an organization.
“The simplicity of building and running a Macro Risk Analysis tool coupled with the significant impact it can have on achieving strategic objectives makes it an obvious choice for company leaders,” said RIMS Vice President of Strategic Initiatives Carol Fox. “An effective analysis will highlight the environment’s relationship on organizational value, making risk planning more tangible and the future much clearer.”
RIMS Professional Report Improving Strategic Risk Management Using Macro Risk Analysis is authored by Vice President and Director of Risk Management at Havertys Jim Presmanes and Paul L. Walker, Ph.D. chair in Enterprise Risk Management, Tobin College of Business, St. John’s University. The report is available in RIMS Risk Knowledge library at www.RIMS.org/RiskKnowledge. For more information about the Society and to learn about other RIMS educational opportunities, conferences and resources, visit www.RIMS.org.