Category: 52 Risks Framework

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.

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22 Ways the 52 Risks® Framework Can Build a Stronger Business in 2022

There is little doubt that challenges will face all businesses in 2022.
The 52 Risks® framework can be used to assist business owners, executives and risk managers gain a deeper understanding of the risks that any business may face. This will enable growth and stronger, more reliant businesses.
Below are 22 ways in which the 52 Risks® framework can facilitate the discussion and oversight of risk in any business.

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Introduction to the 52 Risks® Framework

52 Risks® is a unique, innovative framework designed to assist organizations identify, assess and manage their business risks. 52 Risks® proposes a common language and terminology for business risks in a consistent manner. It is an enterprise risk management framework comprises 17 Strategic Risks, 16 Financial Risks and 19 Operational Risks. All potential business risks will map to one of these risk categories.

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Risk Management Article: Putting the G into Risk Governance

52 Risks Creator and Founder, Peter Deans, recently authored a whitepaper for Diligent Corporation.  The whitepaper details the latest thinking on what good risk governance looks like. It provides tips and guidance for all boards, irrespective of industry or size of enterprise in the elusive quest for ‘fit for purpose’, robust and effective risk management governance and oversight practices.

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