Zerto
APRIL 6, 2023
Risk management describes how a business identifies, analyzes, and responds to threats and risk factors that impact its profitability, viability, and strategic goals. Step 3: Achieve Strategic Alignment, from Risk Appetite to Risk Prioritization The more impactful a risk is, the higher its priority.
Reciprocity
AUGUST 18, 2022
The result should be better, more strategic decision-making. ERM is the process of methodically identifying and dealing with any potential events that could threaten the achievement of strategic objectives or competitive advantage opportunities. Passing or sharing the risk via insurance, joint venture, or another arrangement.
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Reciprocity
MARCH 28, 2022
Your enterprise risk management (ERM) program – one that encompasses all aspects of risk management and risk response in all business processes, including cybersecurity, finance, human resources, risk management audit , privacy, compliance, and natural disasters – should involve strategic, high-level risk management decision-making.
Reciprocity
DECEMBER 19, 2022
More broadly, a corporate compliance program reinforces a company’s commitment to mitigating fraud and misconduct at a sophisticated level, aligning those efforts with the company’s strategic, operational, and financial goals. You must assess the efficacy of your company’s compliance program and identify potential hazards.
BCP Builder
APRIL 20, 2020
An impacts-oriented all-hazards approach will be worthwhile planning going forward (as it has been in the past). I think that Business Continuity Certification will be made mandatory by Insurance Companies and Banks. Loss of “the big 4”: people, building, infrastructure (IT/apps), third party/supplier.
BCP Builder
APRIL 20, 2020
An impacts-oriented all-hazards approach will be worthwhile planning going forward (as it has been in the past). I think that Business Continuity Certification will be made mandatory by Insurance Companies and Banks. Loss of “the big 4”: people, building, infrastructure (IT/apps), third party/supplier.
MHA Consulting
AUGUST 24, 2023
As a reminder, risk management is the process of understanding the hazards facing an organization and taking steps to bring them to within a level determined to be acceptable by the senior leadership. It’s not about eliminating risk completely but managing it in a rational, informed way. Reducing risk. Transferring risk. Accepting risk.
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