Posts tagged Risk

Business Risk Assessment Surveys Strengthen Your Risk Management Process

Running a company is a risky proposition. Too much risk can be very costly, particularly when things go wrong. Too little risk can also be very costly, especially when smart risks are being avoided or too much money is being spent to limit risks.

Significant risks are often hidden or ignored by organizations. The best way to identify and assess these hidden and ignored risks is to survey managers and staff professionals at all levels of the organization. Business Risk Assessment Surveys collect risk information and insight from managers and other key employees and consolidate it by business unit and your organization overall.

Companies need a clearer understanding of the risks they are taking to protect the physical, financial, human and intellectual assets of their companies. The main goal is not to eliminate uncertainty. Instead, it is to be proactive in assessing and managing risk for your company’s advantage.

Risk assessment surveys are a critical tool for any successful risk management process. It is all about identifying, assessing and managing a wide range of risks at acceptable levels.

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