Take a holistic approach to business risk management. Make the best use of existing business resources. Optimise your business performance.
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Has your company carried out business wide risk assessment?
Undertake a business wide risk assessment to know which key risks you need to focus your resources on for best return of investment of time and money. How likely is it that the risks materialise? If the risks do occur what would be the impact on your business objectives.
- Identify and assess corporate risks faced by different functions within your business.
- Identify and assess external risk drivers.
- Develop the most appropriate risk management plan to manage the impact of uncertainty on your business objectives.
Your business wide risk assessment should be comprehensive. A corporate holistic risk management approach will help you maximise the return on your investment.
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Manage a wide range of risk factors impacting on the success of your business. Inform your enterprise wide risk assessment. Adopt a more risk based approach to business management.
Understand the risks inherent in your business before taking appropriate action or indeed before accepting the risks as part and parcel of doing more business. Your risk appetite and risk tolerance will be key to your approach to risk management plan.
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