52 Risks Framework

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Risk Management Guide for Start Up and Tech Companies

Start-up ventures face unique business challenges. They are, by their nature, smaller enterprises without the established management or financial resources of larger, established businesses. Most start-up ventures today are almost 100% technology firms, with business models built around software and technology-driven operational processes. For start-ups and tech firms, 52 Risks® provides a starting list of high-level risk categories to consider. This can be used in the design stage or in the early pilot / start-up phases. The 52 Risks® framework can also be used as a business expands and grows with more customers, new geographic areas and new products and customer segments. 52 Risks® assist founders and business leaders – that may not have access to specialized risk management expertise - better understand their risks.

Operational Risks

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Doing a Risk Management Stocktake

Often the cut and thrust of daily business life gets in the way of sitting back and taking stock of risks in a business. Distractions can take the form of putting out spot fires, negotiating contracts, resolving issues with customers, dealing with projects, or managing personnel matters. Taking stock of the overall risk profile of an organization, assessing how effective existing risk management strategies are, and considering new or emerging risks often never takes place. Business leaders should carve out time periodically to take stock of the risks in their business and look at how they manage them.

Financial Risks

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Risk Management Article: Stress Rehearsal

Scenario planning and stress testing are two tools that directors and executives should be regularly using to support and guide their decision-making process. 52 Risks Creator and Founder, Peter Deans, recently published an article titled "Stress Rehearsal" for the Australian Institute of Company Directors magazine on the use of scenario planning and stress testing.  The article discusses how these tool can assist assess the risks and opportunities arising from climate change and other emerging risks

Latest Posts

Risk Management Article: Stress Rehearsal

Scenario planning and stress testing are two tools that directors and executives should be regularly using to support and guide their decision-making process.

52 Risks Creator and Founder, Peter Deans, recently published an article titled “Stress Rehearsal” for the Australian Institute of Company Directors magazine on the use of scenario planning and stress testing.  The article discusses how these tool can assist assess the risks and opportunities arising from climate change and other emerging risks

Read More

Doing a Risk Management Stocktake

Often the cut and thrust of daily business life gets in the way of sitting back and taking stock of risks in a business. Distractions can take the form of putting out spot fires, negotiating contracts, resolving issues with customers, dealing with projects, or managing personnel matters.
Taking stock of the overall risk profile of an organization, assessing how effective existing risk management strategies are, and considering new or emerging risks often never takes place.
Business leaders should carve out time periodically to take stock of the risks in their business and look at how they manage them.

Read More
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