Member case study

New in role: benchmarking operating models and emerging risks in a new sector
2023-2024

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I've recently joined a fast-growing digital company as CRO, after working for many years in the energy sector. My board have asked me to restructure the risk team, and to start horizon scanning for emerging risks for the first time in the organisation. How can I benchmark my proposed approach against peers in this new sector?
Risk Leadership Network member

CRO, fast-growing digital company in the UK

What we did

1. Created a bespoke benchmark on operating models of technology companies

The model compares the risk reporting lines, team structures, operating models and risk priorities at technology companies, ranging from the fasting-growing start-ups to some of the largest businesses on the NASDAQ and other indices.

Find out more about the benchmark here.

What we did

2. Facilitated a series of 1-to-1 meetings

We facilitated a series of 1-to-1 meetings with risk leaders who had implemented the operating models that the member was attracted to, allowing them to ask candid questions and dig deep on specific aspects of the structure and its implementation.

What we did

3. Produced a bespoke report benchmarking emerging risk in the technology sector

Using our AI-powered Horizon Scanning Tool, we identified the top emerging risks externally reported in 40+ global reports including those from the World Economic Forum and the European Commission, consultants reports, company annual reports etc.

Then we interviewed 17 risk teams in the technology sector and asked them to rank those emerging risks in order of priority. 

We put this data into a report for the member, to highlight trends and blind spots.

Download the report highlights here.

The result

How this helped

1

They introduced the right new operating model

Using data and insight from trusted peers in the company's new sector, they were confident they'd made the right choice.

2

Identified blind spots

The member was confident they'd identified blind spots in their horizon scanning, using bespoke benchmarking data from peers.

3

Saved time and budget

The member was able to get to the right answers quickly, without having to enrol costly external consultants.