Launching the Risk Response Network – Kevin Steinberg

Kevin Steinberg is a guest blogger for the Forum. He is the Chief Operating Officer, World Economic Forum USA and will be attending the Annual Meeting in Davos.

Throughout the extreme shocks of recent years, both public and private sector leaders have been struggling to avoid collapse and keep the economy afloat. This year at our Annual Meeting, the mood is shifting to these global leaders taking a more forward-looking approach, exploring how to proactively address complex risks and associated opportunities. In this spirit, today the World Economic Forum is launching the Risk Response Network: an umbrella of projects and initiatives all designed to help global leaders better understand, prepare for, and respond to risk.

The Risk Response Network (RRN) will bring a new approach to addressing the complexity of risk that leaders are facing, and enable them to capture the opportunities associated with those risks. We hope it will be a way for leaders to cut through red tape and take action, and help them be more effective in addressing a wide range of issues from cyber-security breakdowns, to currency volatility, resource scarcity, and supply chain disruptions.

The RRN will offer:

• The most compelling insights: Drawn from the World Economic Forum’s own knowledge generation and insight, including our Network of Global Agenda Councils and a network of the world’s top universities and private sector content providers
• The most relevant global decision-makers: Through a new and unique community of Risk Officers from top corporations, governments and global risk regulating bodies
• The most suitable tools and services: By developing proprietary, custom-designed risk analytics and risk management processes, to enable decision-makers not only to better understand key risks in depth and in context, but also to respond to them proactively and to mobilize quickly in times of crisis.

As part of the RRN launch, we put together the following video to help outline our plans and explain the RRN in more detail.

We welcome your feedback, reactions, and ideas.