Tag: operationalrisks

Understanding Risk Interconnectedness

More and more business leaders are appreciating the interconnectedness of risks, both internally within the business and externally. Decisions made in one part of a business can directly or indirectly impact risks in another part of a business. Business leaders need to have robust and structured risk management practices to be able to anticipate, pre-empt, and manage these interconnected risks.

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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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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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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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52 Risks in the News: Risk Management Guide for Directors

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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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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