Strategic Risk Research Center

http://www.riskgroupllc.com

[email protected]

+ (832) 971 8322

STRATEGIC RISK RESEARCH

CENTER

http://www.riskgroupllc.com/

mailto:[email protected]

COPYRIGHT RISK GROUP LLC 1

About the Founder

Jayshree Pandya Ph.D.

Founder: Risk Group LLC

Author of the book: The Global Age: NGIOA @ Risk

Web: http://www.riskgroupllc.com

Email: [email protected]

Phone: + (832) 971 8322

Jayshree Pandya (née Bhatt) is a visionary leader, builder of a new dawn,

working passionately with imagination, insight and boldness to achieve Global

Peace through Risk Management. It is her strong belief that collaboration

between and across nations: its government, industries, organizations and

academia (NGIOA) will be mutually beneficial to all—for not only in the

identification and understanding of critical risks facing one nation, but also for

managing the interconnected and interdependent risks facing all nations. She

calls on nations to build a shared sense of identity and purpose—for how the

NGIOA framework is structured—will define and determine the survival and

success of nations in the digitalized global age. She sees the big picture, thinks

strategically and works with the power of intentionality and alignment for a

higher purpose—for her eyes are not just on the near at hand but on the future

of humanity!

At Risk Group, Jayshree is defining the language of risks and currently

developing thought leadership, researching needed practices, tools, framework

and systems to manage Strategic and Shared Risks facing nations in a global

age. She believes that Cyberspace cannot be secured if NGIOA works in silo

within and across its geographical boundaries. As Cyber-Security requires an

integrated NGIOA approach with a common language, she has recently

launched Cyber-Security Risk Research Centre that will merge the boundaries of

Geo-Security, Cyber-Security and Space-Security.

Previously, she launched and managed Risk Management Matters, an online

Risk Journal and one of the first Risk Publications, publishing Industry Risk Reports

of Biotechnology, Energy, Healthcare, Nanotechnology, and Natural Disasters

over the course of five years. Jayshree’s inaugural book, The Global Age: NGIOA

@ Risk, was published by Springer in 2012.

Jayshree resides in Sugar Land, TX with her husband Pradip, and three children,

Shree, Shivani and Shiv.

http://www.riskgroupllc.com/

mailto:[email protected]


Figure 1 Risk Group Guiding Document

Strategic Risk Guiding Publication

The Global Age: NGIOA @ Risk

Addresses nations: its governments, industries, organizations, and academia at

risk in a global age

Addresses the global shifts of the emerging global age

Addresses global risk concepts, global risk fundamentals, and risk centric

integrated NGIOA governance fundamentals

Proposes the foundation of an Integrated NGIOA Risk Governance Framework

Dr. Jayshree Pandya, founder of Risk Group LLC, is ahead of the curve in addressing the

changing global fundamentals of the emerging global age. The global age, and its

changing global fundamentals has brought complex, chaotic, and turbulent times for

every nation—where failures on all levels have become self-evident, repetitive,

destructive, and potentially hopeless in nature and uncertainty. Nations are caught off

guard.

From what is visible worldwide today, the promise of progress and prosperity for all

nations does not seem to have materialized in this global age. Instead of progress and

prosperity, we see crisis and catastrophe overpowering and overwhelming the

capability of most nations to meet their promise of progress and prosperity.

Nations are in crisis. This introductory book addresses the global shifts and the changing

global fundamentals of the global age, to lay out a much needed foundation of an

integrated NGIOA risk governance framework for the near future. This book will make a

convincing case for the far-reaching need and understanding of global risk concepts,


global risk fundamentals, and risk centric integrated NGIOA governance. The

integrated NGIOA risk governance approach proposed and discussed in this initiative is

rational, practical, and feasible. It will help create a dynamic, vibrant, and sustainable

NGIOA economy for the global age. This initiative is a first step towards that.

The ability to understand integrated risks is fundamental for every

NGIOA

Figure 2 NGIOA Integration

Risk Group pioneers value in Integrated NGIOA Risks

Global Risk

Nation Risk

Government Risk

Industry RiskOrganization

Risk

Academia Risk


Need for Strategic Risk Services

Strategic Risk concerns are increasing across nations: its governments,

industries, organizations and academia!

The jarring disconnect between the risks facing nations: its governments,

industries, organizations and academia (NGIOA) and the priorities of most

nations governance is never more evident than in the recent years.

Each nation is facing recurring crisis. Its promise of progress and prosperity is

coming in serious question as crisis and catastrophe seems to be overpowering

and overwhelming the capability of most nations: its governments, industries,

organizations and academia decision makers.

Even today, in a global age, each NGIOA largely operates in silo—as individual

and independent entities. The silo NGIOA operations of isolation age that is in

existence across nations today, have little or no understanding of how they are

interconnected to each other, to how they are interdependent on each other.

Nor do they understand how they affect each other, within and across nations.

This silo existence of NGIOA ignores its internal as well as external

interconnectedness and interdependencies and denies nations a fundamental

ability to understand how each individual risk, as well as decision of each

individual entity, impacts them all, within and across nations. In a global age,

this is a critical risk facing nations.

The reality of global age challenges clearly necessitates the need for integration

and convergence of NGIOA. As NGIOA expands beyond their national

boundaries, there is a critical need for them to integrate, and have collective

risk identification, risk assessment, risk management, as well as risk-centric

decision-making ability. This necessitates that each NGIOA have an integrated

risk governance framework capability—to manage not only their individual risks,

but also collective NGIOA risks. This is a fundamental necessity and a need of

the time for each nation in a global age.

Today’s NGIOA are completely out of alignment, and generally do not

understand or support each other’s strategy at local, national or global level.

These NGIOA silos and its misalignment deny nations any potential capability to

have a meaningful national strategy. In addition, it also stops any potential

positive change dead, right on its tracks, before it has a chance within and

across nations. It is important that this culture of NGIOA silos is broken down, and


integrated to pave the way of NGIOA aggregates, for collective national

success. In a global age, it is vital that each NGIOA break down their mentality

of going separate, as global age has brought a clear need for NGIOA to work

together-- united. Across NGIOA, there is a critical need to have a meaningful

discussion about the potential NGIOA synergies and conflicts that can help

create common national goals and objectives. This will help NGIOA avoid

recurring conflict and failure-- and will simultaneously lay a foundation for

success and prosperity of a global age.

No NGIOA, can live and operate in a culture that lacks basic understanding

and acknowledgement of risks. Neither can any NGIOA, deny or refuse to take

professional responsibility of the decisions that they make; nor can they refuse to

take accountability and ownership of their decisions. No NGIOA, can be in

denial, or can develop tone deafness towards the critical interconnectedness

as well as interdependencies at local, national, as well as global level. It is time

NGIOA changes, the culture habit within their nations, to transfer its risks to

others, in an increasingly interdependent and interconnected global age.

There is a need to end an age of apathy.

Each NGIOA needs to be concerned about the chaos and crisis surrounding

their nation. If enough NGIOA get concerned about the state of affairs within

their nation, it would certainly help bring about a change that is a need of the

time. Since each NGIOA has a role to play in a global economy, this global age

responsibility makes it vital that they get involved in local, national as well as

global risks and affairs.

We, as intelligent and responsible global citizens, cannot stand

unconcerned when there is chaos, confusion and crisis all around us. It

is in our own interests, and our nation’s interest that we need to

educate ourselves with the knowledge that is necessary and essential,

to analyze issues at all levels objectively.


Figure 3 Need for Strategic Risk Services

Survival and success of nations: its government, industries, organizations and

academia are subject to uncertainty, gaps, strength, weaknesses, resources,

capabilities, motivation, risks-rewards and much more. The rapidly changing

fundamentals of the emerging global age are creating unusual complexities

and challenges for every nation: its government, industries, organizations and

academia (NGIOA).

Because of the rapid pace of change in the global environment,

Strategic Risk Research has become a fundamental need for survival.

While many organizations are actively focusing on Financial Risks,

Legal/Compliance Risks and Operational Risks, the much-needed focus on

Strategic Risks which consists almost 70% of the overall risks portfolio is non-

existent. Understanding the Strategic Risks due to the changing global

fundamentals, over-regulation, rapid technological changes, and rapid

changes in service models, global competition, and lack of effective

governance is a vital necessity for every nation.

Strategic Risk Research is about identifying the risks that are most vital to

achieving core objectives and goals as Strategic Risks are most consequential

for an ability to achieve objectives, build, and protect value.


Strategic Risk Research Objectives

Without understanding integrated NGIOA risks, no nation: its

government, industries, organizations and academia can make

appropriate investments, take necessary initiatives, compete and

succeed!

The objective of Strategic Risk Research is to:

Identify, analyze and respond to those risks that could potentially impact

organizations ability to realize its strategic objectives.

Support the development of collaborative thinking about the challenges

facing the strategic objectives of organization.

Promote the ability of NGIOA to share common understanding and

awareness of threats facing NGIOA-so as to prepare any organization

ready to act independently but collaboratively.

Strengthen the resilience of an organization through systemic preparation

for the threats that pose the greatest risks to its survival, security and

sustainability.

Figure 4 Emerging Threats

Emerging threats

Industries

Technology

Services

Products

Compeititors

Innovation

Investment

Skills

Regulations

Geopolitical Tensions

Global Governance

Knowledge


Strategic Risk Research Scope

Strategic Risk Research scope will define the boundaries of Strategic Risk Services.

Understanding the nature of client objectives and their current challenges, Risk Group

will recommend the scope of the Strategic Risk Services.

Broad Scope:

Global Risks

Regional Risks

National Risks

Industry Risks

Organization Risks

Narrow Scope:

Technology Risks

Product Risks

Service Risks

The scope will determine the need for Strategic Risk Research

resources.

Figure 5 Strategic Risk Research Scope

Global

Regional

National

Local


Strategic Risk Research Approach

Risk Group’s proactive, objective, neutral and participatory approach

to Strategic Risks will help NGIOA take informed decisions about risks

facing their initiatives

Risk Group will draw risk data and information from

In House Risk Group Research

Client Interviews

Public information

All sources will be documented to promote credibility and transparency of the

assessment. Given the uncertainty inherent in assessing Strategic Risks, a wide

degree of uncertainty will be likely. Key limitations and Assumptions will be

noted.

In spite of the inherent nature of strategic uncertainties, Strategic Risk

analysis supports better decision-making

Risk Group’s approach to Strategic Risk Research is designed to provide

maximum value, with integrity and privacy that is desired by the board rooms

and c-suites.

Figure 6 Risk Group Strategic Risk Services Approach

Planning Strategy and Managing Strategic Risks goes hand in hand!


Strategic Risk Research Methodology

Risk Group approach will be tailored to the needs of the organization

Figure 7 Risk Group Research Methodology

Strategic Risks impact an organization’s ability to achieve its objectives. Strategic Risk

Services is a process to identify, evaluate and communicate the risks facing

organization’s strategy. This process protects and creates value for

shareholder/investors. Strategic Risk Management is a process to identify, evaluate and

manage Strategic Risks. Strategic Risk management needs to be an on-going process.

Risk Group will

Research and Review Strategic Risks impacting the sector/industry/nation/world

to achieve a preliminary understanding of the risks facing client organization

Prepare an initial Risk Review that will help understand the Strategic Risks facing

client organization

Identify, understand, evaluate and achieve a deeper understanding of the

Strategic Risks facing client organization through meetings, interviews and

brainstorming sessions with c-suites, executive management, boardroom etc.

Evaluate the understanding of Strategic Risks and Strategic Risk Management

processes by client organization

Review and Record the Strategic Risk Profile of the client organization (Risk

Group Views+ Organization Views)

Communicate the Strategic Risk Profile to the client stakeholders


Advise client organization and help them strategize on managing the Strategic

Risk Profile

Perform regular quarterly evaluation

Figure 8 Fine balance between success and failure

Understanding of Strategic Risks is the foundation to preparedness

Strategic Risk Research will provide nations: its government, industries,

organizations and academia a clear view of risk variables to which they may be

exposed –collectively or individually. An on-going thorough Strategic Risk

analysis will empower the decision-makers with a better decision making criteria

and process.

Too often, organizations fail to link the Strategic Risks to their organization risk

framework, simply focusing on risk management processes, legal and regulatory

compliance and operational risks.

A structured Strategic Risk Management process would allow organization within

any NGIOA be better prepared to meet its goals and objectives.

Risk Group Research would not be based on purely what organizations

think their strategic risks are—but would also have Risk Group internal

thought leaders add to what the Strategic Risks are—that would help

complete the organization risk profile


Strategic Risk Research Plan

The Strategic Risk Research would be conducted with a view that the primary

purpose of any organization is to meet the shareholders / investors’

expectations. Any unforeseen and unidentified strategic risk compromises the

ability to support its fundamental objectives

Understand the organization

o Understand organizations objectives, strategies, business model,

culture, technology, operations, resource model, working practices,

communication protocol and so on

Mission, Vision and Value Statement

Strategic Plans

Annual Business Plans

Management Performance Scorecard

Stockholders annual report

Regulatory filings

o Understand the broader challenges facing the organization,

industry and nation through Risk Group internal research

o Understand the challenges as experienced by the organization and

its executives

Evaluate the challenges facing organization

Rate the risks

o Strategic risks that can be managed by the organization

o Strategic risks that have interdependencies and needs

collaboration of NGIOA to be managed

Develop a Strategic Risk Profile

Communicate the Strategic Risk Profile

Risk Research frequency is established –quarterly recommended

Risk Research Plans will be revised as necessary

An objective, independent, Strategic Risk Research plays a significant

role in the development and sustainability of any initiative / and or

organization within any NGIOA.


Figure 9 Risk Group Research

Risk Group focus is on Strategic Risks

Risk Research

Strategic Risks

Financial Risks

Operational Risks

Regulatory Risks

Legal /Compliance

Risks

Technology Risks


Strategic Risk Research Deliverables

A Strategic Risk Map Strategic risks will be individually rated and summarized. A Strategic Risk Map will

reveal which risks are most significant and should be the focus of management

for mitigation / and or management. It will also enable analysis of risk

interdependencies that will help them evaluate whether there is need for

collaboration within the sector/ industry/nation for possible mitigation/ and or

management of risks.

A Strategic Risk Report Strategic Risk Report will detail the identification, evaluation and

communication of the identified Strategic Risks

While the conventional Enterprise Risk Management (ERM) processes

have done a reasonable job in identifying and managing financial and

operational risks, it is now well acknowledged that it is the

management of Strategic Risk that will have the greatest impact on

any organization’s ability to realize its strategic objectives.


Strategic Risk Research and Advisory Pricing

Risk Group offers Fixed Price framework for funding Sponsored Strategic Risk

Research as well as Advisory Services.

FIXED PRICE STRATEGIC RISK RESEARCH FUNDING FRAMEWORK: Under this

framework, Risk Group and the client organization agrees upon a fixed-price

arrangement based on the best estimate of costs needed to complete the

Strategic Risk Research, which can be adjusted if the parties agree or if the

client organization requests additional work.

FIXED PRICE STRATEGIC RISK ADVISORY SERVICES: Depending on the scope of

the advisory services, Risk Group and the client organization will agree upon a

fixed price yearly advisory services fees.


Strategic Risk Research Areas (On-going) Research

Topic #

Risk Research

Areas

Scope of

Research

Fixed Price

Research

Funding

(USD)

Details

Comments

1 Strategic Risks:

Introduction

2 Strategic Risk:

Cutting through

Complexity

3 The Concept of

Strategic Risk

Management

4 Strategic Planning

& Risk

Management

5 Risk in Strategy

Implementation

6 Corporate

Governance

&Strategic Risks

7 Managing

Strategic Risks

8 Managing

Technology &

Innovation Risks

9 Resource

Management

&Sustainable

Development Risks

10 Insurer: Strategic

Risk

11 Industries:

Strategic Risk

12 Strategic Risk:

Case Studies

13

Risk Group is in process of identifying additional areas of interest for Strategic

Risk Research. In case Sponsoring Organization suggests research topics

relevant to their interests, Risk Group, after internal evaluation of cost will quote

the Fixed Price of suggested work-

INFORMATION

For further information, contact Risk Group at +832 971 8322


Documents

Strategic Risk Research Center