Category: Operational Risks
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.
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.
Managing Risk Can be Easier Than You Think
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
Have You Identified and Documented All Business Risks ?
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
21 Ideas for Using the 52 Risks® Framework to Manage Risks
The 52 Risks® framework has a multitude of uses. It can be used to assist business owners, executives and risk managers gain a deeper understanding of the risks that any business may face. Here are 21 ideas than can re-energise the discussion and oversight of risk in any business:
Read More
Risk Management Article: Operational Risk Management in a Period of Disruption
In both normal times and uncertain times, policies and procedures seek to give all employees support in the carriage of business activities. The current COVID-19/coronavirus social and economic crisis is, however, putting to the test existing, proven and robust policies and procures in all organisations
Read More
Getting To First Base In Operational Risk
Enterprise Risk Management (ERM) within organizations continues to be work in progress. More and more organizations are embedding tools and risk management techniques each year.
Read More
How to Use the 52 Risks® Framework
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.
Welcome to the 52 Risks® Framework
52 Risks® is a unique, innovative framework designed to assist organizations identify, assess and manage their business risks. It proposes a common language and terminology for business risks in a consistent manner. The framework comprises 17 Strategic Risks, 16 Financial Risks and 19 Operational Risks. All potential business risks will map to one of these risk categories.
Read More
Twitter Feed
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
Tens of billions of federal dollars will go to tech projects like making broadband better, faster, and more accessible to Americans https://trib.al/hyhVfDA
