Covid-19 has shown the importance in running effective, efficient and flexible business operations and risk management practices. Whilst the pandemic is sadly not over and increasingly rife in countries such as Brazil and India, valuable lessons have and are being learned.
Building good risk management into everything you do should be paramount. Don’t see risk as something that sits elsewhere in the organisation, perhaps in a team labelled “Risk Management”. At work, I expect all my colleagues to talk about the risks in whatever they do, whether it is developing strategy, thinking about an acquisition, looking at building the talent in our organisation or going about their day-to-day jobs.
Iain Wright, CFIRM, Chair, Institute of Risk Management
It is impossible to prepare for every eventuality and very few organisations will have been prepared specifically for Covid. However, organisations can prepare for business disruption and set up structures such as incident management teams that allow them to react quickly to unfolding events. Investing in data sources to keep abreast of changing circumstances is also an important part of risk management. Investing in ensuring you…
