As technology evolves, risk managers will need to be more agile than ever before as they develop creative risk solutions for the future. By far and away, risk managers and university risk management professors identified new technologies and cyber threats as being one of the biggest contenders of risk that future risk managers will have to understand. 

Middle-market businesses may be bracing for tough times, according to the National Center for the Middle Market. In a late March survey of 250 executives in that business sector, half say the impact of the virus downturn will be "major," and 44 percent say their companies "will undergo major restructuring as a result of the crisis." That's bad news for Chicago's private-equity firms because most of them focus on that segment of the U.S. economy.

How can we leverage data analytics to help us make informed decisions during this COVID-19 crisis?

A report by the National Center for the Middle Market reveals that the coronavirus (COVID-19) pandemic will derail middle market performance. But executives believe they have the resilience to recover.

From disaster preparedness to public health concerns to the cost faced by insurance companies, a panel discussion recently  brought together leaders from throughout Ohio State and beyond to examine the wide-ranging impact of the coronavirus (COVID-19) pandemic and how the university is joining the fight against it.

As part of a nationwide analysis of distracted driving, research conducted by the Risk Institute provided insights into how law enforcement in Ohio views the dangers of distracted driving in the state and how to mitigate the growing risk.

Thomas Stewart, executive director for the National Center for the Middle Market, said the current COVID-19 pandemic is the time for companies to "telescope," which means taking "that time to determine how you want the company to move forward when all of this ends."

Seven years after California became the first U.S. state to implement a multi-sector cap-and-trade system to regulate all industrial greenhouse gas emissions, a team of researchers has examined the impact of the policy and revealed some of its unintended consequences.

Our business environment is becoming much more complicated as a result of the connected global economy. In thinking about the road ahead in 2020, The Risk Institute has focused on what it believes to be the top five risks facing organizations.

A new bill introduced in Ohio would strengthen Ohio's laws regarding the use of wireless devices, including smartphones, while driving. The Hands-Free Ohio bill, which was drafted based, in part, on research from The Risk Institute, would, with limited exceptions, make driving while handling any electronic wireless device a primary offense. 

According to the National Center for the Middle Market, hackers cost the global economy a staggering $350 billion each year. Three areas of focus can provide companies with a layered defense and help contribute to a strong cybersecurity strategy for a business.

Follow these steps to run today’s businesses better while preparing for a changed tomorrow, says Thomas A. Stewart, executive director of the National Center for the Middle Market.

Preparation is the key to getting any business or community back on track after a natural disaster, and when it comes to hurricane preparation, the old adage that “failing to prepare is preparing to fail” rings very true. The Risk Institute encourages businesses to study a particular event –

For many employers, taking on a leadership role in workforce development will require changes to prior practice. A recent report from The Brookings Institution and The National Center for the Middle Market helps to illustrate the types of changes that employers should consider.

As part of the “There’s a Better Way” podcast, Elliot Bendoly, distinguished professor of management sciences at Fisher, sits down to harmonize the tension between structured and creative approaches to give managers a framework for high-performance problem solving.

The U.S. government has begun recognizing just how much power big tech companies have quietly amassed. “The law has not yet caught up with big data analytics and so mere compliance with the law is not sufficient to protect people in the big data era,” says Dennis Hirsch, a fellow at The Risk Institute. “Data ethics is about going beyond what the law requires in order to mitigate risks to individuals, and so to the company itself."

Free shipping, one-hour delivery and pick-up in store, are all phrases consumers are seeing more and more. As part of the “There’s a Better Way” podcast, Aravind Chandrasekaran, associate director of the Center for Operational Excellence, talks with Dr. Terry Esper, associate professor of logistics at The Ohio State University, to discuss the recent changes to the field and how it's affecting the way we go about our every day lives.

The answer to reducing workplace injuries and managing risk in general appears to be training, according to HR leaders polled in a report from the Risk Institute at Fisher.

Employee training is the top risk-management strategy for many HR leaders, according to a report from the Risk Institute at Fisher College of Business.

As part of the “There’s a Better Way” podcast, Aravind Chandrasekaran, associate director of the Center for Operational Excellence, talks with Billy Taylor, global head of diversity and inclusion at Goodyear, to discuss the cliché that “culture eats strategy for breakfast” and to argue for why culture actually controls strategy, and how converting a company’s “my way” into “our way” leads to operational success.

Oded Shenkar, the Ford Motor Company Chair in Global Business Management and academic director of the National Center for the Middle Market writes that any resolution to the U.S.-China trade conflict will be temporary. Sooner or later, the conflict will flare up again because of divergent interests, the fundamental differences between the U.S. and Chinese systems, and the role played by foreign direct investment in addition to trade. 

As part of the “There’s a Better Way” podcast, Aravind Chandrasekaran, associate director of the Center for Operational Excellence, talks with Katie Anderson, a lean consultant, who has studied the origin of Lean first-hand while living in Japan. Katie sat down with Aravind to discuss the differences in Lean across cultures, and how understanding the Lean origins can be beneficial when incorporating process improvement.

Despite all the real estate action, Columbus isn't on the radar of most Americans "because we're in a flyover state and we're modest about what we do," says Mary Beth McCormick, executive director of the Center for Real Estate at The Ohio State University.

As part of the “There’s a Better Way” podcast, Aravind Chandrasekaran, associate director of the Center for Operational Excellence, talks with Dr. John Toussaint, executive chairman of Catalysis Inc., to discuss his work with over 221 health systems and the variety of situations he’s come across, and the type of leadership necessary to create change.

As part of the “There’s a Better Way” podcast, Aravind Chandrasekaran, associate director of the Center for Operational Excellence, talks with Dan Markovitz, an accomplished author, speaker and consultant who focuses on building lean organizations.