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In today’s post, we’ll take a look at how organizations can get started using Enterprise RiskManagement (ERM) to reduce their exposure and improve their resilience. Risk can never be completely removed, but it can be mitigated. ERM provides a framework for doing this in a systematic, results-oriented fashion.
What Is RiskManagement? The world will always be filled with uncertainty and with uncertainty inevitably comes risk. Riskmanagement, in its simplest form, is assessing the possibility of something bad happening; i.e. “If I take this action, will it result negatively?”. What Is RiskManagement?
What can organisations do to attempt to protect themselves from such risks? First and foremost, those organisations who use business continuity as a ‘tick box exercise’, or as a requirement from their insurance company need to start truly embedding Business Continuity into business-as-usual activities as soon as possible.
This has now fallen out of fashion and I have not seen anyone using it recently. The current industry fashion is for BIAs to get leaner and less precise. Comments: Chris Green FBCI MSc Head of HSE&BCM RiskManagement at Novartis commented: Correct, Charlie – it’s useful to get a “feel”, but nothing more.
This has now fallen out of fashion and I have not seen anyone using it recently. The current industry fashion is for BIAs to get leaner and less precise. Head of HSE&BCM RiskManagement at Novartis commented: Correct, Charlie – it’s useful to get a “feel”, but nothing more.
What are the ways in which you meet specific requirements for protecting business travelers, including security training and preparation, kidnap and ransom insurance, and evacuation protocols? Can you discuss the challenges associated with travel riskmanagement for the executive traveler demographic?
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