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Why Operational Resilience?
The ‘survival of the fittest’ is an ever-growing reality as firms face change and disruption from a number of angles. How quickly and well a firm adapts and recovers from adverse circumstances is crucial within a context of pandemics, IT disruption, natural disasters and changing third party dynamics. In fact, the resilience of individual organizationsโฆ
Risk Culture: attitudes and behaviours
Risk culture is all about the attitudes and behaviours towards risk within your business. How you think and feel about risk-taking and the risk-taking practices in your business all come together to make up your culture. This is a big people issue, which can have big implications for your business. A good risk culture isโฆ
Risk Appetite: how much risk do you want to take?
The โRisk Appetiteโ of your business refers to the level of risk that you are willing to take on. This is one of the most important aspects of risk management because a clearly defined, well-thought-out Risk Appetite will help you to balance between taking too little or too much risk. Of course, in order toโฆ
Defining Risks: threats, uncertainties and opportunities
Risks may be classified in different ways, depending on the type of business you do, and the approach that you have taken to risk management. For starters, though, we may just define them as hazard risks, control risks and opportunity risks. Hazard risks These are the risks that you do not want to happen atโฆ
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