“The biggest risk facing businesses today is the risk of doing nothing”

Monique Hope-Pearson, Director, HPY

Risk Management

Risk management creates and protects value, enhancing an organisation’s resilience, creating strategic and tactical advantage.

Risk management helps decision-makers make informed choices, providing frameworks for the prioritisation of actions that are aligned to business objectives.

A systematic, timely and structured approach to risk management contributes to efficient and effective operations and to consistent, comparable and reliable results.

Ask yourself the following questions:

  1. Is your business prepared for the changes of tomorrow?
  2. How do you know your business is prepared for change?
  3. Do you know what the guiding purpose of your business is?
  4. Do you understand what capabilities your business needs to have, at the highest level, in order to win?
  5. Do you have a clear understanding of what the actual risks to the success and sustainability of your business are?
  6. Do you have a framework for managing business risks, or do you cross your fingers and hope for the best?
  7. Are you capitalising on risk, using risk to create opportunities for your business to grow?
  8. Are you disrupting your own business, through innovation and gap analysis so that your business is prepared to take the leading advantage?

Business leaders who view uncertainty and risk more broadly than just compliance can anticipate challenges better, seize opportunities faster, and emerge from setbacks stronger.

 

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