Capturing Value and Staying Competitive with Sustainable Risk Management
The entire organisation is well prepared and able to perform with confidence and agility in the face of unpredictable events and shifting economic conditions. Emerging technologies, surprising moves from competitors, market uncertainties, natural disasters, even potential internal scandals, are managed timely and effectively. From the board of directors and C-suite executives to frontline employees, people understand the risks the company must deal with and apply that understanding to make decisions. Employees are updated regularly on fresh insights and shifting business conditions that affect operations. They must work collaboratively and are asked for solutions to missteps, not blamed or punished for them. Management, starting with the board, consistently demonstrate through their own actions and behaviours, the importance of risk awareness, management and collaboration.