It is important for business leaders to make time to take stock of the risks in their business and how they manage them. Running a business can often take precedence over taking a broader and more considered view of the risks facing a business. Distractions can take the form of putting out spot fires, negotiating contracts, managing personnel matters, resolving issues with customers or dealing with major initiatives and projects.
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52 Risks® framework brings together in one framework the key strategic, financial and operational risk categories that face all businesses.
There are many different ways in which businesses can use the 52 Risks® framework. This can be in workshops, strategic planning sessions or management meetings.
2022 continued a challenging and stressful run of generation-defining years. Economic turmoil, COVID challenges, emerging inflationary pressures, monetary policy surprises and war in Europe placed even more pressure on countries, communities, businesses and individuals all around the world.
Who knows what 2023 will toss up.