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  "documentTitle": "Deloitte SEA CFO Forum Southeast Asia Business Outlook",
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  "notes": "The slide uses a metaphorical image of a calm beach to contrast with the 'disruptive times' theme. It introduces the 'SMART' acronym for risk management.",
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      "text": "Deloitte's value\nDeloitte believes that risk management is not simply about making people more aware of risks and more proficient at managing them. Rather, our approach is to intelligently manage risks through SMART - our acronym for Sensing, Mitigating, Acknowledging & Alignment, Remodelling and Transformation. This will enable businesses to not only understand the new era of risks but have mechanisms to sense, analyse, mitigate and transform their organisations accordingly to fulfil their purpose and remain sustainable while continuing to grow profitably.",
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      "text": "Managing a business in this current complex and ambiguous environment comes with various types of risk, with some being so critical that they can potentially destroy a business. It is therefore critical that organisations must be able to pre-emptively sense risks and strategically mitigate them in order to be successful.",
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      "text": "Any number of events can disrupt the sustainability of a global business and undermine its competitive edge - from pandemics like COVID-19, natural disasters and terrorism to cyber security challenges such as a computer virus or data leakage - especially in this era of global digitalisation. As new risks emerge and existing ones become more complex, efficient risk management is vital.",
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      "text": "In addition, with the onset of the fourth industrial revolution, organisations can no longer afford to ignore 'black swan' and 'black elephant' events. While 'black swans' are unpredictable events with extreme consequences, 'black elephants' - which originate from the 'elephant in the room' concept - are problems which are predictable and likely to happen but which no one wants to deal with.",
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      "text": "Using risk analytics, our specialists will work with you to assess the risks you are exposed to and integrate risk management across your business and strategic processes. Our goal is to leave organisations better able to sense both visible and less visible risks and to take appropriate pre-emptive risk measures to create value while responding to and mitigating risks more appropriately.",
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