Tag: Risk Management

Using ‘Sustainability’ To Overcome Supply Chain Risk

In this article, John Manners-Bell outlines how sustainability can be used to overcome supply chain risk Supply chain risk comes in many forms. Over the past few years the issue has risen to the top of many board room agendas, largely due to the impact which natural disasters have had on manufacturing in Asia. For example, the Japanese tsunami and the floods in Thailand taught manufacturers that they required much better visibility of the risks facing their suppliers in these disaster-prone countries. Piracy, corruption, terrorism, industrial unrest and cargo crime are other threats which are becoming better understood. However, there...

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New Enterprise Risks: Nine Things to Avoid When Growing Your Company

The Growing Business Handbook, published by Kogan Page in association with the Institute of Directors, is now available as of April 3rd 2015. You can order this book at 20% off the recommended retail price when you enter the discount code SKP20 at when prompted at checkout on www.koganpage.co For any ambitious business looking to ride the current wave of economic recovery, the old adage that fortune favours the brave certainly rings true. But, to quote the Dalai Lama, great achievements involve great risk. Making risk management an integral part of your day-to-day business activity, and seeing it as enabling...

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Factors Which Determine a Good Risk Culture

To understand and embed a good risk culture, your company needs: A committed board and senior management who recognize that risk management is a core competence of the business and not something that is delegated to the risk manager(s). A board that is not complacent about things going wrong and maintains a sense of vulnerability. This is a particularly important concept because it requires the board to recognize the risk of complacency setting in when things are going right. A recognition that risk management is not just a regulatory requirement but an essential element to achieving business success. No witch...

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