Remove Acceptable Risk Remove Activation Remove Retail
article thumbnail

The Difference Between Strategic and Operational Risk

Reciprocity

Risk monitoring and risk data reporting. Since operational risks are constant, varied, and increasingly complex, ORM is an ongoing activity. It is guided by four fundamental principles: Accept no unnecessary risk. Accept risk when benefits outweigh costs. What Is Strategic Risk?

article thumbnail

Important KPIs for Successful Vendor Management

Reciprocity

Before outsourcing your business processes or striking some other deal with vendors, you do need to assess the risks they pose. The six risks listed below are a good place to start. Begin by determining your organization’s tolerance for cybersecurity risk. Cybersecurity. Business Continuity.