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 risksRead More
There are many sources of detailed country risk analysis, assessments and ratings on the internet to assist business leaders stay abreast of geopolitical issues and risks. This post lists twelve of the best sites to visit.Read More
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.
Getting started in risk management or uplifting existing capability can be daunting for any business, irrespective of size or industry. This post outlines six steps for improving the management of risk using the 52 Risks® framework.Read More
Business owners, boards and managers should ensure that they have a detailed understanding all the risks their business faces. This should include all strategic, financial, and operational risks. This understanding should be underpinned by a rigorous and documented risk identification, assessment, and management regime.Read More
The time is upon businesses to make concrete plans to address the impact of climate change. Assessing climate change risk should now be considered an important part of building organizational resilience. Below are six practical steps businesses can take to begin to plan for the impact of climate change.Read More
Strategy & Risk Adviser I Former Chief Risk Officer I Creator & Founder https://t.co/4znv4HISLM I Follow me for strategy, risk, management and economics stories & articles.
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 also al…https://lnkd.in/gAGnmj2J https://lnkd.in/ghU7uWD2
Alpha, Delta, Omicron. A three-part Greek tragedy perhaps. For business leaders, 2022 will be a continuation of the very difficult period for all businesses.
The eagerly awaited World Economic Forum’s Global Risks Report was, prior to the covid pandemic,…https://lnkd.in/gaZR6RTA
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