Tag: enterpriseriskmanagement
The Many Uses of the 52 Risks® Framework
There are many ways the 52 Risks® framework can be used by business owners, managers, investors, and analysts to gain a deeper understanding of the risks that any business may face.
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Risk Management And Value Creation
Risk managers often find it difficult to articulate the value of an investment in risk management. Likewise, business owners, directors, and executives struggle to justify an investment in risk management. There are always many competing financial priorities. There are four key outcomes that will arise from an investment in risk management.
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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. Business leaders should carve out time periodically to take stock of the risks in their business and look at how they manage them.
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What is Enterprise Risk Management?
Enterprise Risk Management (ERM) is now widely accepted as a credible and valued business activity. Many businesses, however, have difficulty identifying, assessing, and documenting the range of risks that they face.
The key to the successful implementation of an ERM program across an organization is getting the balance right between ‘micro’ operational risks – many of which are still important – and key strategic business risks.
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Spotlight on Business Model Risk
Business leaders often neglect to critically question the sustainability of their business model. When a line of business, department, segment or product is going well the temptation is to rely on it more heavily for future revenue and earnings growth. There are a number of key questions that can be asked to assess and understand business model risk.
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The Importance of Identifying and Documenting 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.
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52 Risks Moleskine Notebooks Now On Sale
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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Risk Management Guide for Start Ups and Tech Companies
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.
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Top 10 M&A Due Diligence Resources
There are many guides and checklists available to assist business leaders undertake comprehensive due diligence when considering acquiring a business or company. This post lists ten of the best free sites to visit.
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Top 10 Scenario Planning and Stress Testing Resources
A guide to a range of scenario planning and stress testing resources to assist boards, management teams and risk managers plan for the future.
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23 Ways to Energize Risk Management in 2023
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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Take Time Out to Assess Your Business Risks
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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