Quite simply I see a five stage approach to how risk management evolves in any organisation. Within each of these five stages there are of course many variations in terms of length of time, impacts and overall organisational change aspects. However, I have found that these five stages reasonably represent the reality of risk management.
We want to help in our way, so here are the top 5 risks for the retail industry and some thoughts on potential controls. Personally, as a consumer, if the retail industry did not have these as their top 5 then they were not doing risk management. But, that is just my opinion. Back to the risks themselves.