Leaders Confront Tech-Enabled Reputational Risks

Leaders Confront Tech-Enabled Reputational Risks

1-Techno-RevolutionTechno-Revolution

53% of survey respondents say technology enablers and disrupters such as social media, mobile tech and big data could threaten their established business models.

2-Biggest Tech-Based Threats to Organizational Business ModelsBiggest Tech-Based Threats to Organizational Business Models

Social media: 47%, Data mining and analytics: 44%, Mobile apps: 40%, Cloud computing: 38%, Cyber-attacks: 36%

3-Organizational ShiftOrganizational Shift

91% say their organization has changed business strategies since these technologies began to emerge.

4-Risk FactorsRisk Factors

81% say their companies now explicitly manage strategic risk, as opposed to limiting their focus to operational, financial and compliance risk.

5-How Organizations are Changing Approaches to Strategic RiskHow Organizations are Changing Approaches to Strategic Risk

Increasing frequency and budget for monitoring it: 52%, Starting continuous monitoring and managing of this risk: 43%, Increasing number of executives assigned to this risk: 38%

6-Passing GradePassing Grade

61% believe their current programs are performing at least adequately in supporting the development and execution of business strategy.

7-Critical DriverCritical Driver

40% say that company reputation is a risk area that has the most impact on their business strategy in 2013, while only 26% cited reputation as a key risk area in 2010.

8-Fiscal CurvesFiscal Curves

27% say economic risk has the biggest impact on business strategy, which is about the same as 2010.

9-What Risks Will Have Biggest Impact on Business Strategy in 2016?What Risks Will Have Biggest Impact on Business Strategy in 2016?

Economic trends: 29%, Business model: 26%, Reputation and competition: 24%

10-High-Level FocusHigh-Level Focus

67% say that the CEO, board or board risk committee oversees the management of strategic risk.

Dennis McCafferty
Dennis McCafferty
Dennis McCafferty is a contributor to CIO Insight. He covers topics such as IT leadership, IT strategy, collaboration, and IT for businesses.

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