Risk is a fundamental part of business. But that doesn’t mean all risks are the same. Companies that focus on the wrong risks are wasting their time and money — and ultimately, short-changing their shareholders.

Few companies recognize the difference between rewarded and unrewarded risks. They often focus on unrewarded risks to the exclusion of potential opportunities. A Risk Intelligent Enterprise™, on the other hand, understands the value of actively managing all forms of risk, and tailors its risk management practices to fit the business’ needs and circumstances.

In this article, Rick Funston, principal, Deloitte & Touche LLP, and Bob Dalton, principal, Deloitte Consulting LLP, discuss the common mistakes companies make when managing risk, and offer their unique perspectives on turning risk into value.

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