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The Difference Between Strategic and Operational Risk

Reciprocity

On the other hand, confusion about risks – and especially about strategic and operational risks – undermines an organization’s ability to manage risk well. This article addresses common questions about strategic and operational risk, such as: What are strategic risks and operational risks?

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5 Steps towards an Actionable Risk Appetite

LogisManager

Risk appetites and tolerances are the perfect way to make data-driven, performance-enhancing decisions while developing a system to understand when and where your business is taking on too much risk, or not taking on enough. Risk Appetite. Risk Tolerance. Risk Appetite.

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Business Continuity and Risk Management

BCP Builder

Business Continuity Management Business Continuity Management is a tool that reacts when there is a business disruption, while Enterprise Risk Management is a strategic tool used by management to accomplish its business objectives. The Business Continuity Management System framework is the system that stitches activities together.

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Important KPIs for Successful Vendor Management

Reciprocity

The six risks listed below are a good place to start. Begin by determining your organization’s tolerance for cybersecurity risk. Ongoing monitoring of vendor compliance activities assures alignment with your legal requirements because non-compliance with these regulations frequently carries steep fines. Cybersecurity.