Disruption: Implications for risk Management

October 7-8, 2015
The Blackwell Inn & Conference Center
The Ohio State University
Columbus, OH 43210

 

Disruption: disruption is an interruption or disturbance to a firm’s business environment, activities or processes.  Consider the two sides of disruption:

  1. A firm can cause disruption by creating a new business model for which its competitors’ revenues and cost infrastructures do not allow them to respond quickly.  In this case, the disruption has the potential to create value.
  2. A firm can be subject to disruption when its business strategy, activities, process or infrastructure, are interrupted by an unexpected event.  In this case, disruption has the potential to negatively impact the firm.

 

Highlights Included

General Michael Hayden - Keynote Speaker, October 7

 

Managing DISRUPTION

General Michael Hayden is a retired four-star general who served as director of the CIA and the NSA when the course of world events was changing rapidly.  As head of the country’s premier intelligence agencies, he was on the front line of global change, the war on terrorism, and the growing cyber challenge. General Hayden understands the dangers, risks and potential rewards of the political, economic and security situations facing the nation. 

Hayden dissects political situations in hot spots around the world, analyzing the tumultuous global environment and what it all means for American’s and America’s interests. He speaks on the delicate balance between liberty and security in intelligence work, as well as the potential benefits and dangers associated with the cyber domain. As the former head of two multibillion dollar enterprises, he also addresses the challenges of managing complex organizations in times of stress and risk, and the need to develop effective internal and external communications.

Kenny Dichter - Keynote Speaker, October 8

 

DISRUPTION as a Catalyst

Kenny Dichter is the founder and CEO of Wheels Up, , the revolutionary membership-based private aviation company that minimizes the upfront investment needed to fly privately. Previously, Dichter Founded Marquis Jet in 2001 and pioneered the first-ever fractional jet card program, which revitalized and democratized the private aviation industry. Led by Dichter, Marquis Jet generated over $4 billion in revenue, culminating in its sale to Warren Buffet’s Berkshire Hathaway’s NetJets in 2010. At that time, Dichter was named Vice Chairman of NetJets. 

An entrepreneur at heart, Dichter co-founded Tequila Avion, an ultra-premium brand that sold its majority stake to Pernod Ricard in 2014 following its joint venture in 2010. Dichter also continues to invest in various early-stage businesses such as Juice Press, and Cyc Fitness, and is a regular contributor on CNBC. Dichter is also a co-founder of Action America, a nonprofit organization that unites and activates Americans everywhere to turn the events of 9/11 into positive action. 

RISKx- Risk Ideas Worth Talking About

The conference includes a collection of talks we call RISKx, modeled after the high-impact and popular TED Talks. The six 20-minute dynamic segments feature leading practitioners and academics who will challenge attendees to consider DISRUPTIONas it relates to such topics as:   

  • Electoral DISRUPTION: Analysis and Prognostication
  • Your Firm's Risk Appetite
  • Your Employees Attitudes Towards Risk
  • Consumer Card Payment Methods
  • The Activist Investor
  • Regulatory Requirements

Panel Discussions

The conference will close with two panel discussions echoing the themes of our keynote presentations - managing DISRUPTION and DISRUPTION as a catalyst.

 

  • DISRUPTION in Financial Business Transactions

    Alternative sources of capital and technology are increasingly playing more important roles in business.  As such, the traditional ways in which firms transact are changing, not only with providers of capital and risk management tools but also with their customers. Managers can leverage these new opportunities to create value, but they may also expose the firm to potential risks threatening the firm’s corporate objectives.

    Our moderator will facilitate a conversation among our three panelists, each representing a different industry sector and business area.  By bringing them together, we will challenge conference attendees to think about the strategic and risk implications of alternative capital sources and technology for their financial business transactions from an enterprise-wide perspective.  By doing so, attendees will gain insights into how to leverage disruption to create value.

  • DISRUPTION in Core Systems

    An organization’s operations are vulnerable to an energy disruption, which can have long-term negative impacts on the firm’s corporate strategy, reputation and value.  Compounding the risk of an energy disruption is the increasingly critical role that IT and cyber ecosystems play in corporate objectives.  Traditionally, a power outage would create a lack of access to physical assets such PPE and stores and inhibit the firm’s ability to operate.  Today an outage can take down an entire IT system, potentially exposing the organization to risks which can threaten its corporate objectives.

    Our moderator will facilitate a conversation among our three panelists each offering a different prospective on energy disruption and IT.  Our panelists will share insights into the roles that restoration and resiliency of a firm’s power and IT infrastructures play in effectively managing an energy disruption.  By bringing together different functional area and industry perspectives, we will challenge conference attendees to consider the strategic and risk implications of energy disruptions from an enterprise-wide perspective.  By doing so, attendees will gain insights into how to leverage risks to create value.

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Phil Renaud
Executive Director, The Risk Institute 

254 Mason Hall | 250 W. Woodruff Avenue | Columbus OH, 43210