
Carol Williams
CEO & Enterprise Risk Management Consultant
Strategic Decision Solutions
Carol Williams is an Enterprise Risk Management (ERM) Consultant with 20+ years of experience managing risk in the insurance industry. Her firm, Strategic Decision Solutions, was founded to help companies design flexible—but optimal—strategies to make risk-informed decisions. Carol specializes in identifying strategic and operational opportunities for improvement and offers expert consulting which enable clients to achieve their corporate initiatives and strategy.
Articles by the author
 - 3 Feb 2023 Carol Williams - 8 Possible Consequences of Not Being Proactive in Risk Management- Without a proactive approach to risk management, organizations face a number of potential consequences – including total collapse. In this blog, Carol Williams outlines eight of the common symptoms made possible when organizations fail to take a proactive approach. - Read more 
 - 26 Dec 2022 Carol Williams - 7 Important Considerations for Addressing Supply Chain Bottlenecks and Shortages- This post discusses seven best practices and considerations to avoid one of the biggest business disruption causes – supply chain issues. - Read more 
 - 6 Oct 2022 Carol Williams - 6 Steps to Building a Vibrant Performance-Focused Risk Culture- This post, originally featured on the blog “ERM Insights by Carol” discusses six steps to build a performance-focused risk culture. - Read more 
 - 19 Aug 2022 Carol Williams - Supply Chain Risk Management – Ensuring You Can Handle a Vendor Outage- This post discusses questions and considerations to make sure your company can stay in business during supply chain disruptions. - Read more 
 - 5 Jul 2022 Carol Williams - 3 Components of an Effective Risk Statement- Without clear guidance, it can be difficult to know next steps, which is why an effective risk statement is so important before risk assessment. - Read more 
 - 6 Jun 2022 NAVEX Editorial Team - Your Questions, Answered: Assessing and Maturing Third-Party and IT Risk Management Programs- Recently, NAVEX hosted a webinar that discussed best practices on how to assess and mature third-party and IT risk management programs. This post is dedicated to answering the questions we received during the webinar. - Read more 
 - 17 Mar 2022 Michael Volkov - Holistic Third-Party Risk Management- Each year, NAVEX publishes the Top 10 Trends in Risk and Compliance. This publication features trends and predictions for the year to come and features contributions from experts in the industry. In this article Michael Volkov, Carol Williams and Susanna Cagle discuss three pillars to address in order to holistically manage third-party risk: regulatory, enterprise and ESG risks. - Read more 
 - 7 Oct 2021 Carol Williams - Is Technology Risk Bigger Than “Cyber" Risk?- There’s no doubt that hacks are serious. But sensationalist headlines (and opportunistic consultants) can often lead companies to place too much emphasis on cybersecurity alone. Truly understanding and managing technology risk effectively requires a holistic approach focused on the business. - Read more 
 - 8 Sep 2021 Carol Williams - 8 Ways Enterprise Risk Management is Different (and Better) than Traditional Risk Management- When evaluating traditional vs. enterprise risk management (ERM), it’s natural to think it’s all about “risk.” But ERM is about more than minimizing the negative. Learn how ERM can help organizations focus on the right risks, at the right time, and in the right amount. - Read more 
 - 16 Aug 2021 Carol Williams - 5 Tips to Making Board Risk Reports Meaningful Tools for Decision-Making- Many companies struggle with developing board risk reports that deliver actionable information in an easy-to-digest way. Here are five general tips for building effective board risk reports that help ensure enterprise risk management (ERM) is seen as a tool for securing the company’s success. - Read more