For the past year, the coronavirus pandemic threw the world into turmoil with sudden lockdowns, mass remote working, travel bans, and an onslaught of misinformation.
In its sixth survey on risk, our colleagues at BDO Global set out to discover how senior business leaders across the globe coped with the prolonged uncertainty of 2020 and the main obstacles they overcame. The report examines the mechanics of decision-making under pressure, and in immense uncertainty.
The chief finding from the Global Risk Landscape 2021 Report is the importance of an agile mindset. When information is limited and conditions are chaotic, businesses must be ready to react and adapt to the reality of their situation. This is more likely to happen in organizations that have developed a risk-welcoming attitude. Others suffered from decision paralysis, waiting for news to inform their next steps.
Read the report to learn more about the importance of a risk-welcome mindset and what to consider as you evolve your risk management practices.