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Manage the Risk : for frequently occurring, low-impactrisks the most sensible strategy is to monitor and seek to reduce the risk. Reduce the Risk : a frequent, potentially damaging event is a target for riskreduction measures. An example is the development of procedures to reduce operator error.
Manage the Risk : for frequently occurring, low-impactrisks the most sensible strategy is to monitor and seek to reduce the risk. Reduce the Risk : a frequent, potentially damaging event is a target for riskreduction measures. An example is the development of procedures to reduce operator error.
Some additional key riskreduction steps SVB took early on were: They required a pledge of half of a startup’s shares as collateral (Reduced later to seven percent). This opened a close working relationship within the VC world. They would then collect deposits from businesses that were financed through these VCs.
A mature, fully integrated risk model would like something like this: As part of the business impactanalysis (BIA), people would be doing risk assessments of different areas at different levels throughout the company. The goal should be to gradually move toward a more comprehensive, mature approach.
A mature, fully integrated risk model would like something like this: As part of the business impactanalysis (BIA), people would be doing risk assessments of different areas at different levels throughout the company. The goal should be to gradually move toward a more comprehensive, mature approach.
Once you know your critical functions you should also conduct a risk assessment and then a business impactanalysis that allows you to properly assess situations that could negatively impact your business. Business continuity is an investment in riskreduction and organizational resilience.
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