52 Risks Framework

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What is Enterprise Risk Management?

Enterprise Risk Management (ERM) is now widely accepted as a credible and valued business activity. Many businesses, however, have difficulty identifying, assessing, and documenting the range of risks that they face. The key to the successful implementation of an ERM program across an organization is getting the balance right between 'micro' operational risks – many of which are still important – and key strategic business 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. 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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Ten Important Financial Risks

This article outlines ten important financial risks that may arise for many – if not all – businesses in an economic downturn. Even in buoyant economic times, however, these financial risks need to be closely monitored and assessed.

Latest Posts

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. Business leaders should carve out time periodically to take stock of the risks in their business and look at how they manage them.

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Spotlight on Business Model Risk

Business leaders often neglect to critically question the sustainability of their business model. When a line of business, department, segment or product is going well the temptation is to rely on it more heavily for future revenue and earnings growth. There are a number of key questions that can be asked to assess and understand business model risk.

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