Today’s marketplace and economic situation are moving too quickly for global companies to be merely reactive when it comes to their risk management capabilities. Risk management is now becoming a means of supporting growth and future development. Global organizations that are able to master a range of integrated elements – involving risk management in key decision-making processes, putting in place leadership with board-level visibility and infusing risk awareness across the organization – are creating the means to differentiate themselves from the competition.
You are required to search the Online Library and web for any risk management articles that discuss the concept of risk management. (P
Evaluate the problems of:
1. Managing the people side of risk
2. Creating a powerful risk culture without turning the organization upside down
In addition:
1. Differentiate between global companies that acknowledge risk and those that do not
2. Identify five techniques that could be used to mitigate risk
How the above can be used to sustain a proactive risk management culture?
