Getting started in risk management can be daunting for any business, irrespective of size or industry. This post outlines 23 ways for getting started in managing risk better in 2023 using the 52 Risks® framework.
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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.
The 52 Risks® framework has been featured in the Governance Institute of Australia’s Risk Management For Directors: A Guide, released this month. The guide is plain English, no-nonsense guide to risk management for directors.
The guide provides practical advice boards can adopt to manage risk and includes sections on risk governance, the regulatory environment, risk management processes and tools, risk culture and topical non-financial and emerging risks.
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Custom designed 52 Risks® X Moleskine® notebooks are now available in the new 52 Risks® shop.
Each notebook comes with a fold-out guide to the 52 Risks® framework and nine sheets of Strategic, Financial and Operational Risks stickers.
Moleskine® notebooks are high quality, industry leading notebooks – manufactured in Italy.
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Start-up ventures face unique business challenges. 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.
Read More Innovation is, in essence, a risk-taking activity.
Creating new products, new combinations of old and new technologies, and new technologies is exciting, exhilarating and challenging.
All industries have different timeframes for…https://lnkd.in/gNs2RHah https://lnkd.in/gQJxTs4s
Corporate collapses - particularly financial services ones - are complex and messy. The post-mortems can take months if not years.
The collapse of Silicon Valley Bank is however looking somewhat simpler the more we learn. Poor man…https://lnkd.in/gTfTMtYg https://lnkd.in/gQmeUgnb
12 very insightful charts. A challenging few years of unwinding zero interest rates ahead. #economics #SiliconValleyBank
