Strategic Risk Management Lab

The Center for Strategy, Execution, and Valuation at DePaul University will host a morning executive seminar on Friday, April 20, 2012 on Strategic Risk Management: The New Core Competency.   Strategic Risk Management is a necessary foundation and component of Enterprise Risk Management (ERM) and a needed core competency of directors and management teams.  This executive forum will present Strategic Risk Management leading practices that can be adapted by your organization.  The forum will include applications and case studies of a Strategic Risk Assessment process and tools to develop your organization’s ERM processes and capabilities.  Management teams and board members involved in ERM and related governance and control functions and those advising boards and management in strategic risk management can benefit from this seminar.  The latest edition of the book Strategic Risk Management: A Primer for Directors and Management Teams (Frigo and Anderson) and the COSO report Embracing ERM: Practical Approaches for Getting Started (Frigo and Anderson) will be available at the workshop.

What is the Executive Forum’s Content?

The agenda of our April 20th executive seminar will begin with a networking breakfast, followed by presentations by Dr. Mark L. Frigo, Director of the Center for Strategy, Execution, and Valuation, on leading practices and presentation of case study applications of a Strategic Risk Assessment process and tools and by Richard J. Anderson, Clinical Professor in the Strategic Risk Management Lab.  The executive seminar will include a panel discussion by leading risk management executives and board members who will share practical insights for connecting strategy and risk management.

 

Agenda

How to Develop Focused Growth and Innovation Strategies: Applications of Return Driven Strategy
An Executive Seminar
Friday, March 30, 2012 9:00am – 12:00 (noon)
DePaul Center 1 East Jackson Blvd. - Chicago, IL

The Center for Strategy, Execution, and Valuation at DePaul University will host a morning executive seminar on Friday, March 30, 2012 on How to Develop Focused Growth and Innovation Strategies:

Applications of Return Driven Strategy.

This executive seminar will present a process and framework to develop focused growth strategies.  It will include a process, framework and tools you can use to develop strategies and actionable plans for profitable growth and innovation.   The Return Driven Strategy framework will be applied to successful examples of focused growth strategies. The seminar will include tools presented in the new booklet by Dr. Mark Frigo, Developing Focused Growth Strategies: A Blueprint for Driving Profitable Growth. Examples of the use of Discovery-driven planning will also be incorporated in the seminar.  Management teams and entrepreneurs in developing and executing growth strategies, and those advising them, can benefit from this seminar.  The booklet Developing Focused Growth Strategies: A Blueprint for Driving Profitable Growth will be available at the workshop.

What is the Executive Forum’s Content?

The agenda of our March 30th executive seminar will begin with a networking breakfast, followed by a keynote presentation by Dr. Mark L. Frigo, Director of the Center for Strategy, Execution, and Valuation, and followed by a case presentation by an executive who has used the process and a panel of executives and entrepreneurs to discuss applications of using the Return Driven Strategy framework and focused-growth strategy process to drive profitable growth.

 

Agenda

DePaul Forum on COSO - "COSO Thought Leadership in ERM" - May 10, 2011

DePaul Forum on COSO Executive Summary

Presentations:

Welcome: Dr. Mark L. Frigo, Director, The Center for Strategy, Execution, and Valuation and Ledger & Quill Distinguished Professor of Accountancy

An Overview of COSO's Current Activities and Future Direction
David L. Landsittel, COSO Chair

"COSO’s 2010 Report on ERM"
Dr. Mark S. Beasley, Deloitte Professor of ERM, North Carolina State University

"Board Risk Oversight – A progress report"
David Brand, Managing Director and Central Region Internal Audit Lead, Protiviti

"Embracing Enterprise Risk Management: Practical approaches for getting started"
Dr. Mark L. Frigo, Director, The Center for Strategy, Execution, and Valuation and Richard J. Anderson, Clinical Professor, DePaul University

"Developing Key Risk Indicators to Strengthen Enterprise Risk Management"
Dr. Mark S. Beasley, Deloitte Professor of ERM, North Carolina State University

COSO Thought Papers:

"COSO’s 2010 Report on ERM"

"Board Risk Oversight – A progress report"

"Developing Key Risk Indicators to Strengthen Enterprise Risk Management"

COSO Releases Thought Paper on Enterprise Risk Management authored by Dr. Mark L. Frigo and Richard J. Anderson

  ALTAMONTE SPRINGS, Fla. – January 11, 2011 – The Committee of Sponsoring Organizations of the Treadway Commission (COSO) – an organization providing thought leadership and guidance on internal controls, enterprise risk management (ERM), and fraud deterrence – is releasing two additional new thought papers relating to ERM aimed at providing guidance to help organizations advance along the ERM maturity curve.

The  thought paper,Embracing Enterprise Risk Management: Practical Approaches for Getting Started, developed by Mark Frigo and Richard Anderson of the Center for Strategy, Execution, and Valuation at DePaul University, describes how an organization can begin implementing an ERM process. It also examines perceived barriers to effective ERM and how to work through those barriers. "Starting an ERM process is a daunting task for many organizations" said Anderson. "The paper provides an action plan that can be used as a tangible tool in ERM implementation." Click here to view the thought Paper "Embracing Enterprise Risk Management: Practical Approaches for Getting Started"

"There is a lot of current activity involving implementation and enhancement of ERM in organizations of all sizes" said David Landsittel, chair of COSO. "Given COSO’s dedication to providing ERM thought leadership, we are issuing these two thought papers with an objective of assisting organizations in becoming more robust in their risk management activities."

About COSO

Originally formed in 1985 to sponsor the National Commission of Fraudulent Financial Reporting, COSO is a joint initiative of five private sector organizations and is dedicated to providing thought leadership through the development of frameworks and guidance on enterprise risk management (ERM), internal control and fraud deterrence. COSO’s supporting organizations are The Institute of Internal Auditors (IIA), the American Accounting Association (AAA), the American Institute of Certified Public Accountants (AICPA), Financial Executives International (FEI), and the Institute of Management Accountants (IMA). www.coso.org

About DePaul University’s Center for Strategy, Execution, and Valuation

The Strategic Risk Management Lab in the Center for Strategy, Execution, and Valuation at DePaul University is an engagement platform for thought leaders and the business community to co-create and share leading practices in Strategic Risk Management and ERM. The Strategic Risk Management Lab provides executive education, collaborative research and advising on leading practices in ERM focused on linking strategy, risk management and governance, as well as university courses which integrate ERM and Strategic Risk Management into the curriculum.

Click here to view the Full Release.

Thought Leadership in Strategic Risk Management and ERM

Kellstadt Strategic Risk Management lab educates companies on how to manage strategic risks. Click here to learn more.

Kellstadt Graduate School of Business, DePaul University

The Center for Strategy, Execution, and Valuation at DePaul University is pleased to announce a morning executive forum on Friday, December 3, 2010 on Strategic Risk Management: The New Core Competency. Strategic Risk Management is a necessary foundation and component of Enterprise Risk Management (ERM) and a needed core competency of directors and management teams. This executive forum will present Strategic Risk Management leading practices that can be adapted by your organization. The forum will include applications and case studies of a Strategic Risk Assessment process and tools to develop your organization’s ERM processes and capabilities. Management teams and board members involved in ERM and related governance and control functions and those advising boards and management in strategic risk management can benefit from this seminar. A new book Strategic Risk Management: A Primer for Directors and Management Teams will be available at the workshop.

The agenda of our December 3rd executive forum will begin with a networking breakfast, followed by presentations by Dr. Mark L. Frigo, Director of the Center for Strategy, Execution, and Valuation, on leading practices and presentation of case study applications of a Strategic Risk Assessment process and tools. The executive forum will include a panel discussion by leading risk management executives who will share practical insights for connecting strategy and risk management.

8:30-9:00am Continental Breakfast and Networking

9:00-10:00am Strategic Risk Management: The New Core Competency

Dr. Mark L. Frigo, Director, The Center for Strategy, Execution, and Valuation

10:00-10:15am Coffee Break

10:15-11:15am Strategic Risk Assessment: A First Step for Improving Risk Management and Governance, Case Study Applications presented by Richard J. Anderson, Clinical Professor, DePaul University

11:15-12:00 Panel of leading Executives and Directors to provide a broad perspective on risk management issues facing today’s board members and management teams

Who Should Attend: Board members and organizational leadership involved in enterprise risk management, strategic planning and performance management, and those professional advising boards and management in strategic risk management can benefit from the discussions in this seminar.

How to Register? The Registration fee for CPE is $150 per attendee. To register for CPE credit, please visit http://www.learning.depaul.edu/standard/content_areas/continuity_application/courselisting.asp?master_id=942&master_version=1&course_area=COC&course_number=118&course_subtitle=00 This program is approved for 4.0 hours of Continuing Professional Education (CPE).

Recent Events

Risk Executives Roundtable - Autumn 2010
Wednesday, October 27, 2010 DePaul Club
11:30am-1:30pm
DePaul Club, 1 East Jackson, Chicago, IL 11th floor
Strategic Risk Management Lab at DePaul University

The Strategic Risk Management Lab will host a panel discussion with risk executives from four companies on the topic of "Enterprise Risk Management: Approaches for Getting Started"
Agneda:
1130-12:00 Networking and lunch
12:00-12:30 Topic: Enterprise Risk Management: Approaches for Getting Started - Dr. Mark L. Frigo and Richard J. Anderson
12:30-1:30 Panel and discussion (Risk Management Executives and Board Members)

Registration fee is $50 per attendee.  You can register at ---OCPE website---. For questions, please contact centersev@depaul.edu or 312-362-8852. This program is approved for 2.0 hours of Continuing Professional Education (CPE). 

Please follow this link to register for CPE credit. http://learning.depaul.edu/standard/content_areas/continuity_application/courselisting.asp?master_id=913&master_version=1&course_area=COC&course_number=115&course_subtitle=00

For more information regarding the topics covered, please see below:

Protiviti Risk Bulletin

Global Risks 2010

Financial Times - Global Emerging Risks Survey

American Institute of CPAs

Executive Seminar Series – Autumn 2010
“Strategic Risk Assessment: Aligning Strategy toward Shareholder Value Creation and Protection”
October 1, 2010 8:30-12:00
DePaul Conference Center 1 East Jackson, Room 8005
Dr. Mark L. Frigo, Bart Madden, Panel of C-Level Executives
To register for CPE credit, email centersev@depaul.edu

Please follow this link to register for CPE credit. http://learning.depaul.edu/standard/content_areas/continuity_application/courselisting.asp?master_id=938&master_version=1&course_area=COC&course_number=117&course_subtitle=00

Executive Seminar – Winter 2010
“Strategic Risk Management: Leading Practices and Challenges in 2010”
Friday, December 3, 2010  8:30am – 12:00
DePaul Center 1 East Jackson Blvd. - Chicago, IL
Dr. Mark L. Frigo, Richard J. Anderson, panel of risk management executives
To register for CPE credit, email centersev@depaul.edu

June 18th Strategic Risk Management: An Executive Forum

Strategic Risk Management: Leading Practices and Challenges in 2010
Hosted by The Center for Strategy, Execution, Valuation
and The Strategic Risk Management Lab
Kellstadt Graduate School of Business DePaul University

Friday, June 18, 2010
8:00am – 12:00 (noon)
DePaul Center (Room 8005) 1 East Jackson Blvd. - Chicago, IL
The Center for Strategy, Execution, and Valuation at DePaul University will host a morning executive forum on Friday, June 18, 2010 on Strategic Risk Management: Leading Practices and Challenges in 2010.   Strategic Risk Management is a necessary foundation and component of Enterprise Risk Management (ERM) and a needed core competency of directors and management teams.  This executive forum will present Strategic Risk Management leading practices that can be adapted by your organization.  The forum will include applications and case studies of a Strategic Risk Assessment process and tools to develop your organization’s ERM processes and capabilities.   Board members and organizational leaders involved in ERM and related governance and control functions and those advising boards and management in strategic risk management can benefit from this seminar.  A new book Strategic Risk Management: A Primer for Directors and Management Teams will be available at the workshop.

Agenda
8:00-8:30am         Continental Breakfast and Networking
8:30-9:45am         Strategic Risk Management and ERM: Leading Practices and Challenges
                             Dr.Mark L. Frigo, Director, The Center for Strategy, Execution, and Valuation
9:45-10:00am       Coffee Break
10:00-11:00am     Strategic Risk Assessment: A First Step for Improving Risk Management and Governance, Case Study Applications presented by risk executives
11:00-12:00          Panel of leading Executives and Directors to provide a broad perspective on risk management issues facing today’s board members and management teams.           

                             Led by David Wong, Director of ERM, CME Group

How to Register?  Registration fee for CPE is $200 per attendee.  You can register at
http://www.learning.depaul.edu/standard/content_areas/continuity_application/courselisting.asp?master_id=915&master_version=1&course_area=COC&course_number=116&course_subtitle=00

For questions, please contact centersev@depaul.edu or 312.362.8852. This program is approved for 4.0 hours of Continuing Professional Education (CPE).

April 30th, 2010  Risk Executives Roundtable

Hosted by The Center for Strategy, Execution, Valuation
and The Strategic Risk Management Lab
Kellstadt Graduate School of Business DePaul University

Click here to view the Executive Summary

The Center for Strategy, Execution and Valuation's latest initiative, the Strategic Risk Management Lab  provides an engagement platform and forum for thought leaders and business leaders in Enterprise Risk Management (ERM) and Strategic Risk Management.  The Strategic Risk Management Lab provides collaborative research in the Strategic Risk Management and ERM areas and co-creating and sharing of best practices in Strategic Risk Management based on the extensive research on high performance companies in The Center for Strategy, Execution, and Valuation.

Our 2010 offerings include quarterly executive forums for directors, executives and management teams interested in developing Strategic Risk Management as a core competency. These forums will include the latest diagnostics for assessing an organization’s ERM and Strategic Risk Management process and capabilities. Board members and organizational leaders involved in ERM and those advising boards and management in Strategic Risk Management can benefit from these seminars.

Ground-breaking research in aligning strategy and risk management is on-going at The Center.  The cover article in the May 2007 issue of Strategic Finance “Strategic Risk Management: Creating and Protecting Value” by Dr. Mark L. Frigo and Dr. Mark Beasley (COSO board member and Director of the ERM Initiative at North Carolina State University) and the January 2008 article in Strategic Finance authored by Dr. Frigo “When Strategy and ERM Meet” are the basis for workshops for board members and executive team on strategic risk assessment and strategic risk management as part of effective ERM. 

Mark L. Frigo, Ph.D., CPA, CMA is a recognized thought leader in strategic risk management. He is Director of The Center for Strategy, Execution, and Valuation in the Kellstadt Graduate School of Business; Ledger & Quill Alumni Foundation Distinguished Professor of Strategy and Leadership at DePaul University and a Research Fellow in the North Carolina State University ERM Initiative.  The author of six books and over 85 articles, his work is published in leading business journals including Harvard Business Review.  Mark is co-creator of the Return Driven Strategy framework with Joel Litman and the co-author of the book Driven: Business Strategy, Human Actions and the Creation of Wealth (www.returndriven.com).  He is an advisor to executive teams and boards of directors of Fortune 500 companies and entrepreneurs.  You can reach Mark at mfrigo@depaul.edu or 312-362-8784.