Published: 06 August 2024
Geopolitical risks are dynamic and can significantly impact business performance, making their proactive management crucial. This research helps heads of enterprise risk management use location-specific risk management strategies to prepare for and mitigate geopolitical risks.
Heads of enterprise risk management (ERM)are increasingly prioritizing geopolitical risks, recognizing them as one of the top emerging risks for their organizations. In the quarterly Gartner Emerging Risks Surveys conducted in 2024, heads of ERM have ranked at least one geopolitical risk in the top five emerging risks that their organizations face.
Location-specific risk scores enable ERM to clearly communicate risk levelsto the organization and illustrate the scope and potential impact of each risk.
A continuous geostrategy makes geopolitical risk management habitual and consistent across the organization.
To improve the way the organization responds to geopolitical risks, heads of ERM should:
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Analysts:
Enterprise Risk Management Research Team
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