Risk Management

Posting about the idea that anyone that has a customer facing business with a diverse customer set should look at risk assessing the customer base.  So what does this involve?  Essentially this involves considering the customer "factors" and using some form of statistical analysis to "grade" the customers.

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It is now February 2011 and with 10 months left in the year we thought it prudent to cover what we see are the Top 10 risks for the rest of 2011.

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Risk management is simple. It just takes 12 easy steps to achieve effective risk management in your organisation. Truly.

So what is the simple 12 point method to best practice risk management.

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Innovation is expected and required for any business or function to grow and develop over time. The risk management function is no different, hence risk must embrace innovation.

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Effective risk management is like putting together a three course meal.  This analogy may sound a little strange but bear with me as I take you through the tips for the chef (manager).

By guest author Alev B.

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That has lead me to this idea on the innovation of risk. Essentially the concept is quite simple, provide every employee with one topic / business idea / risk and empower them to own the risk management outcomes.

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