By assessing when and the speed at which the gray rhino is coming at us along with the potential damage it can cause, the ERM group at ON Semiconductor aims to create valuable dialogue and help prepare the company on emerging risks. The complacency and willingness to ignore or overlook black swans or potential emerging risks is possibly the greatest risk of all. Two scenarios were discussed that focused on the impact of AI development and application in relation to ethics and the composition of our workforce. who discussed the intersection between humans and AI. The session commenced with a presentation from Microsoft’s AI Strategy Lead for the U.S. This year, a cross-functional group of representatives explored the development and application of artificial intelligence, also known as AI, on ethics and workforce composition. In the past, the ERM group has planned emerging risk sessions on topics such as geopolitics and autonomous vehicles. Leading indicators, which are specific signals to the company that the “far off” risk is soon to occur and requires action in order to manage or mitigate the risk. ON Semiconductor value drivers, which can be defined as key factors or inputs in our business operations that enhance the overall value of the company, such as technology and product, customers, talent and reputation. ![]() However, each scenario discussed on the topic at hand considers the following: By organizing emerging risk sessions, the ERM group strives to overcome obstacles that typically prevent emerging risks from being routinely considered as shown in the figure below.Įach of the emerging risk sessions are largely unscripted to allow for various viewpoints and considerations from our internal stakeholders. A case study on the company, Value Driver Scenario Workshops, is included on the Gartner website and NeuGroup’s publication, iTreasurer features an article titled Getting Ahead of Future Surprises.Įmerging risk sessions are a part of the ERM program’s framework that helps us look beyond the nearer term and more tactical quarterly risk assessments into items that are truly big-picture and strategic. Earlier in the year, ON Semiconductor’s emerging risk scenario planning sessions were recognized as a best practice by Gartner and NeuGroup. ![]() To address the company’s own “black swans” and “gray rhinos,” the enterprise risk management (ERM) group at ON Semiconductor hosts an annual, off-site emerging risk scenario planning session with a cross-functional group of individuals to evaluate specific emerging risk scenarios that are considered new, ambiguous, unforeseen or slow to develop. Black swans on the other hand, discovered relatively late in 1697, symbolize unknowns or outliers, and represent how certain risks are overlooked because nothing in the past can convincingly point to their possibility. In the world of risk management, the gray rhino serves as a metaphor for dangerous events that are known but typically ignored due to being considered highly unlikely to occur. We know that rhinos are large, horned animals that are potentially dangerous to our safety. Do not look any further! Our collection of Electronics are available in different colours and styles.Let’s talk about the ways that gray rhinos and black swans are related to risk management. We verify that the nautical and fishing products are in a perfect condition. Allows efficient dual battery charging without needing regulator adjustment or rewiringĭo you like Blue sea systems Add a Battery Kit? Enter in our nautical and fishing section and discover a big variety of Electronics products and accessories that can help you realize your leisure activities. Shares the charge between two batteries more efficiently than a battery isolator Isolates batteries during engine cranking and when not charging Automatically combines batteries during charging Tin-plated copper studs for maximum conductivity and corrosion resistance ![]() Combines batteries for emergency starting These components simplify switching and automate charging, so that all you have to do is turn the battery switch ON when you arrive and OFF when you leave. The Add-A-Battery includes a Dual Circuit Plus™ Battery Switch and an Automatic Charging Relay.
0 Comments
Leave a Reply. |