Risk Management
Know Your Risks – An Infographic Guide
The newest infographic from Riskographics provides a visual guide for "knowing your risks". Leveraging the AS/NZS ISO 31000:2009 Risk Management - Principles and Guidelines, this infographic provides a more effective way of communicating the risk management process. The document itself contains 9584 words where as this infographic is all about the pictures.
Some retail risk therapy
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.
Innovation of Risk is Not An Option
Recently I have been pondering a lot of my old posts and allowing them to reappear in my thinking. Essentially, I just wanted to take some time to rethink what is the "innovation of risk"? Have I answered that question? Not exactly. Instead, at this point, I have thought that the key fact about risk is this - risk is old and stale.
The new face of risk and how to combat it
Guest author Eric White, who leads the retail strategy practice at Wren, providers of physical security solutions used by some of the world’s most innovative and respected retailers, talks about how businesses of every kind face risks. But for many, risks are thought of as the catastrophic-type events that - as completely devastating as they would be - don’t necessarily represent the most pressing threats to the day-to-day business. The face of risk is changing. It’s not just about the traditional, obvious risk events like earthquakes, tornadoes, or active shooters. Increasingly risks are those things that can slowly eat away at your business and profitability.
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Risk Management and the Internet
"The internet provides its users will valuable resources for research and analysis, and for risk management the new innovation is utilising the richness of data on the internet as a critical tool for success."
We share with you an infographic on risk management which provides interesting insight into the current trends relating to internet searches on risk management.
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Operational Risk Infographic
Operational risk is a topic that has seen a significant rise in the amount on "online chatter", particularly since early 2000. Some interesting statistics are presented in this infographic on operational risk, not the least is the amount of postings on operational risk represents no more than 10% of the amount of postings on the internet for the iPod since 2000!
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Business continuity is needed everywhere
Organisations that value the customer and evaluate themselves on their effective response to events will prepare incident response plans prior to events through analysis of their business processes and identification of potential failure points.
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Risk management from top to bottom and back again!
The complexity with operational risk management is that concentrating on management's understanding of the risks (being the top-down view) can inherently limit the true depth of risks that exist. It neglects the risks associated with the operation of complex individual processes, which can each individually impact the organisations performance.
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