Join this exclusive webinar with Dr. Karen Hardy, where she will explore the power of storytelling in risk communication as a core component of a resilient organization's management framework!
1. Tara Dwyer
Community Banking Brief
LIVE WEBINAR
The Power of
Storytelling in
Risk Management
featuring Dr. Karen Hardy, CEO and Chief Risk
Officer of Strategic Leadership Advisors LLC
July 14th, 2023
9:30am PDT, 12:30pm EDT
moderated by
2. Quantivate provides web-based governance, risk, and
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management solutions, including Vendor Management,
Enterprise Risk Management, IT Risk Management, Internal
Audit, Compliance Management, Complaint Management, Policy
& Document Management, and Issue Management.
LEARN MORE:
QUANTIVATE.COM
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4. Dr. Karen Hardy
CEO and Chief Risk Officer of
Strategic Leadership Advisors LLC
featuring
The Power of
Storytelling in
Risk Management
5. Today’s
Objective
Provide a High-level overview
• Demonstrate how storytelling can help influence decision-making
through a risk management lens
• Discover what skills are in demand tor technical experts in the current
business environment
• Ways to build storytelling skills for business decision-making
Copyright 2023 Strategic Leadership Advisors LLC
6. “ONCE UPON A TIME….”
Copyright 2023 Strategic Leadership Advisors LLC
7. Characteristics
of a Good
Story
A story needs
• conflict and resolution
• tension and release
• mystery and revelation
There should be losses and gains and impacts
• setbacks and comebacks, peaks and valleys
• And, above all, a story should be about people (their
dreams and desires; loves and hates; problems and
passions)
Copyright 2023 Strategic Leadership Advisors LLC
8. We live in a VUCA World
• Volatile
• Uncertain
• Complex
• Ambiguous
The World Has Changed as Have
The Uses for Storytelling
Copyright 2023 Strategic Leadership Advisors LLC
13. Organizations Are Stuck Due
To Poor Risk Communication
“Majority of organizations
describe their risk culture as
STRONGLY RISK AVERSE to
RISK AVERSE”
This Photo by Unknown Author is licensed under CC BY-NC
Source: NCSU ERM Oversight Report 2022
Copyright 2023 Strategic Leadership Advisors LLC
14. Leading in a Complex World
“When it comes to strategy it should be
driven from the top. It lives and dies with
managers in the middle—but they are
hamstrung by the poor communication
from above”
Harvard Business Review, 2015
This Photo by Unknown Author is licensed under CC BY-NC
Copyright 2023 Strategic Leadership Advisors LLC
15. Interpretation of a Complex
World
WE ARE ALL RISK MANAGERS.
We manage risk to help protect what
organizations value the most.
Our goal then is to persuade leadership in
taking actions.
This is not easily achieved in organizations
because leaders and organizations:
Have cultural challenges.
Have entrenched ways.
Copyright 2023 Strategic Leadership Advisors LLC
16. Using Data Assets To
Inform Storytelling
• How much data is available?
• Data alone is not enough
• Risk information is a data
asset
Copyright 2023 Strategic Leadership Advisors LLC
17. How Much Data is Available?
Copyright 2023 Strategic Leadership Advisors LLC
19. Neuroscience (Logic + Emotions) Linkages
Are Our Decisions Based on Logic or Emotion?
20. CASE STUDY:
Risk Informed
Action Through
Storytelling for
Veterans
Veterans Non-Profit
• 1,068 Dogs rescued
• 564 Warriors rescued
• Warriors suffer from post traumatic brain injury (Risk)
https://beambitious.clickfunnels.com/optin20981001
“A New Leash On Life: The K9s for Warriors Story” Emmy Award Documentary
Copyright 2023 Strategic Leadership Advisors LLC
22. Building Your Storytelling Journey
• Data Assessment – what data do you have available to you
• Data interpretation- Align data interpretation – what does it mean, what can it mean- what are the impacts of the data
• Tell the story- hinge on emotional aspects of data
• Envision what behavior you want them to achieve (i.e. Veterans’ funding)
• Start small- practice storytelling in writing, presentations
This Photo by Unknown Author is licensed under CC BY
Copyright 2023 Strategic Leadership Advisors LLC
23. SUMMARY
This Photo by Unknown Author is licensed under CC BY
Copyright 2023 Strategic Leadership Advisors LLC
24. Q&A
Get the Complimentary Document
http://setyourstrategy.com/free-offer
Password: give23 (case sensitive)
Dr. Karen Hardy
CEO and Chief Risk Officer of
Strategic Leadership Advisors LLC
Tara Dwyer
Webinar Coordinator
Community Banking Brief
/in/dwyertara
communitybankingbrief.com
/in/drkarenhardyspeaks/
setyourstrategy.com/