Emerging risk
PAGER’s emerging risk approach connects risk, strategy and horizon scanning.
It is a pivotal component of enabling companies to pursue our 3 core tenets: Protect, Anticipate and Grow.
Board directors and leaders have described our risk-based approach to emerging opportunities as “insightful and valuable”.
Excellence in emerging risks is where your risk management capability can drive direct competitive advantage.
PAGER resource: See our emerging risk process.
Your business
Could your company benefit from the PAGER emerging risk approach? Perhaps these scenarios seem familiar:
- It is challenging enough to manage internal risks, without worrying about risks you can’t control or don’t yet face.
- You download reports and receive information from various sources, but aren’t quite sure what to do next.
- You conduct periodic – or ad hoc – workshops with business leaders, which generate interesting insights, but don’t go anywhere.
- Emerging risk information stays on a few slides, separate to the rest of the risk universe – and the wider business.
- There isn’t a clear way to connect emerging risk to strategy.
- Emerging risk focuses predominantly on threat, not opportunity.
- There isn’t a methodology to evaluate these risks, contextualise them for your business and prioritise next steps.
Our approach
It is our experience that excellence in managing external and emerging risks is where companies can gain true competitive advantage. The fundamentals of your risk program will ensure you don’t cause harm and don’t break the law. But your ability to respond faster and better than your competitors to emerging threats and opportunities is how you WIN!
PAGER has designed a for emerging risk. Our process takes the principles of government intelligence agencies and applies them to enterprise risk management. We have refined the approach working with a wide range of companies across sectors and geographies.
Our process has 3 broad categories: research, identification and assessment, and practical action.
Within those categories, we help our clients to host strategic workshops, undertake scenario analysis, and evaluate existing capability and strategic agility. And then, critically, we help clients to scan, monitor and manage live dynamics in your external environment. We help you to get your company in a position to respond faster and better than your competitors with real-time insights.
Our emerging risk approach also connects to our proprietary PAGER Risk Technology, with automated horizon scanning, and AI and machine learning analysis. Ask us how.
Outcomes and outputs
- High-quality external data sources established relevant to your business
- Bespoke information collection unique to your value-chain, objectives and vulnerabilities
- Strategic workshops with board directors and executive
- Emerging risk priorities with an even focus of threat and opportunity
- Priority risks analysed to understand optimistic, pessimistic and base case scenarios
- Sign-post monitoring for real-time detection of favourable and unfavourable movements
- Evaluation of response capability to enable prioritised preparation and contingency planning
- Early mover advantage alterations to your strategy