Tag: #strategicrisks

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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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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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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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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