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The Difference Between Strategic and Operational Risk

Reciprocity

Understanding these risks can improve business practices and decision-making, and allow risk managers to implement wise risk mitigation and management controls. On the other hand, confusion about risks – and especially about strategic and operational risks – undermines an organization’s ability to manage risk well.

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6 Ways Big Data Analytics Can Drive Down Costs

Pure Storage

Through big data analytics, organizations can predict emerging trends and discover valuable insights that help them make strategic decisions. This allows them to deploy their marketing dollars more strategically by creating and executing better-targeted marketing campaigns. Digitize Your Supply Chain for Insights and Resilience.

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How to Mitigate the Effects of Floods on Your Supply Chain

everbridge

And, the fallout may not be short-term; consumers and retailers could still see shortages during Black Friday and the holiday season. Organizations that can react more quickly to unforeseen circumstances hold a strategic advantage over competitors. So, how might other organizations improve their own flood risk management?

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Year in Review: Key Trends in Critical Event Management

everbridge

This strategic move aimed to safeguard both online and offline assets effectively. Cybersecurity solutions increasingly harnessed these technologies to analyze extensive data, detect anomalies, and automate incident response, leading to quicker and more precise threat identification and mitigation.

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??6 Ways Big Data Analytics Can Drive Down Costs

Pure Storage

Through big data analytics, organizations can predict emerging trends and discover valuable insights that help them make strategic decisions. This allows them to deploy their marketing dollars more strategically by creating and executing better-targeted marketing campaigns. Digitize Your Supply Chain for Insights and Resilience.

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5 Steps to Implement Enterprise Risk Management (ERM)

Reciprocity

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. Mitigating or reducing the risk by internal controls or other risk-prevention measures.

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5 Steps to Implement Enterprise Risk Management (ERM)

Reciprocity

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.