The ability to successfully balance risks and rewards separates organisations that thrive from organisations that merely survive. Growth almost always requires risk-taking. Entering new markets and introducing new products are examples of risks that are undertaken with the ultimate goal of profitable growth. In addition to this type of risk, organisations face a myriad of operational risks that aren’t tied to new ventures. These risks may not concern growth, but nonetheless must be identified and managed. New risks emerge constantly as internal market and world events occur. Taking measured risks results in increased stakeholder value potential. Stakeholders react negatively when surprised by a previously undisclosed risk that becomes a reality. Stakeholders demand transparent, meaningful disclosure of the critical risks to the organisation, and information on how those risks are being managed.
All of this requires a comprehensive roadmap of the organisation's risks - one that is timely, easy to understand, and is created using relevant quantitative and qualitative indicators. We can assist you through the following services:
Please do not hesitate to contact a member of our ERS team with any queries you might have.