There are risks around every corner for businesses. Your business is no exception, that's why understanding the importance of strategic risk management is key for your business. What is Strategic Risk Management (SRM)? SRM -Strategic risk management refers to a method to assess the strategy of any organization. It helps to...
We all think using a utility knife & box cutter Safety is common sense, and we are all guilty at times, of not doing it properly. Whether it be at work, in your garage or in your kitchen; we have all started to cut something, and...
Environmental changes and problems are impacting almost every field from the last few decades. Different authorities and organizations are trying to prevent these problems, but they fail to do so. Not to mention, these environmental factors are affecting organizations in various ways. This begs the question, what...
When a business aims for change, risks are inevitable. In fact, each and every initiative to bring about or facilitate change comes with inherent risks. But too often, businesses tend to be overconfident and think that absolutely nothing can go wrong, and this is where the damage starts bearing its claws. This is...
Every business, regardless of its size, is prone to risks and threats. Hence, it is imperative for every business to have a financial risk management plan in place. This is so a business can implement it right away when they find themselves at a disadvantage. To be specific, financial risk management...