2Q 2020 Middle Market Indicator reports cautious outlook amid COVID-19
The National Center for the Middle Market
COVID-19 has produced conditions never before seen in the eight-year history of the Middle Market Indicator (MMI). Fewer companies than ever say their past-year performance has improved compared to the historical MMI average. Both revenue and employment growth rates are negative and many companies have put investment plans on hold. Despite the data, middle market leaders see better times ahead.
July 22, 2020
Why COVID-19 hasn’t stopped digital transformation at mid-sized companies
Amid falling revenue and employment, capital spending cuts, growth initiatives put on hold, tight cash and disrupted operations brought on by COVID-19, middle market companies are maintaining and even slightly accelerating their digital transformation, writes Tom Stewart, executive director of the National Center for the Middle Market.
July 13, 2020
Is the business world ready for a chief data ethics officer?
Dennis Hirsch, director of the Program on Data and Governance at The Ohio State University Moritz College of Law, and a fellow at The Risk Institute, researches data analytics, how it can pose ethical risks, and how leading companies are responding.
July 13, 2020
COVID-19 recovery could be long road for middle market, survey says
Crain's Cleveland Business
On average, executives expect it to take about 6.4 months for businesses to get back to full capacity. That's one of the findings of a new report from the National Center for the Middle Market.
July 11, 2020
Do you know what your business is worth? Think again
According to a recent study by The National Center for the Middle Market, middle market companies with a strategic approach to their digital transformation grow faster than their peers. And while more than half of the executives surveyed said digital transformation was important, less than 10 percent said it was critical to their company’s strategy. This disconnect represents a failure to tie digital transformation to value creation.
June 12, 2020
From tech to the talent gap, here's what tomorrow's risk managers should prepare for
Risk & Insurance
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.
April 24, 2020
Here are the private-equity firms that will survive a downturn
Crain's Chicago Business
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.
April 17, 2020
Examining the past, present and future of the COVID-19 pandemic
The Ohio State University
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.
April 1, 2020
When it comes to distracted driving, state laws are not created equal
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.
March 31, 2020
How Central Ohio businesses can emerge stronger after the pandemic
Columbus Business First
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."
March 30, 2020
Cap-and-trade, but at what cost?
Fisher College of Business
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.
March 9, 2020
2020 and beyond: Risk management considerations of top global threats
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.
February 28, 2020
Ohio bill would make using handheld devices while driving a primary offense
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.
February 19, 2020
How to protect your small business from a cyberattack
Small Business Trends
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.
February 12, 2020
Resilient risk management in the face of hurricane season
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 – whet
December 27, 2019
Understanding the skills gap — and what employers can do about it
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.
December 6, 2019
There's a Better Way Podcast: Structure within creativity
Fisher College of Business
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.
December 3, 2019
Decade in review: 'Big Tech' gains enormous power
U.S. News & World Report
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."
December 2, 2019
There's a Better Way Podcast: Access for all through the power of logistics
Fisher College of Business
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.
November 19, 2019