Identifying complications before they arise may save your business. Don’t take the chance of something happening that will have an impact upon your business goals;
Risk should not only be considered in terms of what could go wrong but also what you could miss out. No matter the size or nature, all organisations face some form of risk, be it:
All businesses can benefit from implementing a risk management strategy. With the evolution of the Global Financial Crisis taking more countries hostage, the global market increasing competition levels and the rapid rise in litigation, the need for risk management is now essential for all businesses.
Risk management is considered an essential ingredient of good management practice. It is an interactive process consisting of steps, which, when undertaken in sequence, enable continual improvement in decision-making.