Organizations need an approach that supports value and not just giving stakeholders comfort through annual reporting that they are secure. To effectively manage emerging risks, it is crucial to go beyond merely identifying them and to thoroughly analyze their causes and consequences.
By integrating your risk management strategy with your strategic planning and business goals, you get more than just a safety net—you get a powerful tool for uncovering opportunities in the face of uncertainty. Design a framework with built-in repeatability and continuous review as new risks and interdependencies emerge.
A robust risk framework is the foundation of a company’s approach to identifying, assessing and preparing your priority enterprise risks to align with your strategic objectives and improve long-term profitability. It promotes a systematic, unified approach to risk management, crucial to avoiding fragmented or inconsistent responses to threats. Understanding where your organization is on its maturity journey, and how you benchmark against industry…
