Poor Risk Management Case Study

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There are often good reasons for poor risk management. That does make poor risk management acceptable. Causes of poor risk management are varied. They include poor risk management culture, an inadequate enterprise risk management framework with accepted risk owners and risk supervisors as well as lack of effective enterprise-wide risk assessment process.

We believe there are business experts out there who want to improve the quality of enterprise risk management. Our introductory risk management toolbox talks are designed to open up your mind to more innovative ways to doing more business with less uncertainty. If you like our approach, you will have the opportunity to become a member of BusinessRiskTV for 12 months to protect your business better and grow your business faster.

Misconception Of Actual Real Risks Can Destroy A Good Business
Misconception Of Actual Real Risks Can Destroy A Good Business

Failure To Manage Enterprise Risks Vs Failure Of Risk Managers Risk Management Toolbox Talk

Northern Powerhouse Risk Management Online Seminars

In this context we do not just mean people with Risk Manager in their job title. We mean people who should take ownership of specific key enterprise risks as well as the people charged with monitoring or supervising risks including making sure risk management is embedded within the day to day activities of the business or enterprise.

Do you know if your business is making good or bad enterprise risk management decisions? Pandemic risk management is a good example of good and bad risk management – under pressure we make good and bad decisions. Every day pre-pandemic managers of business risk are under pressure. Post-pandemic managers of risk will remain under pressure.

This enterprise risk management toolbox talk focuses on understanding business risks better and how to make better business decisions to build business resilience and boost business performance. Because your time is so valuable we will complete our introduction to better enterprise risk management in no more than 30 minutes.

Title: Failure To Manage Enterprise Risks Vs Failure Of Risk Managers
Date: Wednesday, 6th January, 2021
Time: 5:00-5:30 p.m. GMT
Speaker: Keith Lewis, BusinessRiskTV

In this enterprise risk management toolbox talk we will cover:

  • Taking personal ownership of enterprise risks.
  • Understanding the true level of risk facing your business.
  • Identifying risk management action to protect your business better and grow it faster.

Save the date for introduction to how to improve your management of business risks to boost your business resilience and performance.

Northern Powerhouse Risk Management Online Seminars

Participants at introductory online risk management toolbox talk can also put themselves forward as business risk experts at future more advanced online workshop events to share your expert business knowledge and promote their business interests. Are you a risk management expert in your country, industry or specific risk topic? Get in touch with us if this is you.

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Poor Risk Management Case Study

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Understand the threats and opportunities your business faces. Identify practical enterprise risk management solutions

Boost the performance of your business

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Risks are an inevitable part of being in business. How you assess and manage business risks may dictate the success of failure of your business. What is the impact of risks on your business?

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What is holding your business back?

How do you assess business risks? Identify evaluate and manage business risks better. Find better ways to manage your business risks. Learn how to develop your business risk management knowledge.

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Improve your business risk assessment process. Find business risk assessment insight. Experts answer your questions about country or industry risks.

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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.

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  1. Identify and assess corporate risks faced by different functions within your business.
  2. Identify and assess external risk drivers.
  3. 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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Do you understand weaknesses and strengths of your business strategy

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Could you be wasting your business resources? Could you achieve more with the business assets you already have? Find out how to protect and grow your business faster with less uncertainty.

Will your strategy for business success fail or fail to achieve more?

Analysing your business strengths weaknesses opportunities and threats will help you understand your business better and the marketplace within which you need to succeed. By identifying where you are now within the market will facilitate any assessment of the best strategies for future business success.

  1. Decide how best to allocate your limited resources to get the best return of your invest of money and time
  2. Assess which weaknesses and threats to mitigate and which to accept
  3. Assess which strengths you need to capitalise upon
  4. Assess which new business opportunities will bring greatest reward from the same cost of capital and management time.
  5. Set a new strategy for business success with more confidence

Not only must you protect your business but you must explore the opportunity cost of not doing something that could bring greater rewards with the same cost.

By getting the most from your money and time you can maximise the profitability of your business.

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Put your products or services in front of new buyers more innovatively and sustainably

Link into your existing sales process direct from BusinessRiskTV more profitably. Increase your income streams. Grow your business faster with BusinessRiskTV.

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