While each of our lives are full of uncertainties, the same goes for businesses. The volatile economic conditions, fast-changing expectations of customers, and technological evolutions are some major reasons for uncertainties in businesses. If you are unaware of the unforeseen instances, they can cause minor to severe impacts on your business. In the worst-case scenarios, […]

Management of risks is essential for companies of all types or sizes to alleviate their impacts on their business and prioritise actions to prevent them. Risks can either emerge in the routine processes, business assets, materials or equipment used, or the end products/services provided by your business. Apart from these, there may be environmental risks, […]

Risks or uncertainties prevail in every business due to a lot of internal and external influential factors. While risks can thwart an organisation’s objectives, growth, and continuity, it is necessary to have a systematic approach to risk management. The ISO 31000 is the acclaimed international standard for risk management which outlines the specific guidelines and […]

Risk assessment is one of the core practices of an organisation that help to mitigate risks or any uncertainties by creating awareness about them. In today’s highly threatened business landscape, the importance of risk assessment cannot be ignored because risks can either disrupt your business operations or cause other costly damages like reputational loss, retreat […]

Risk assessmentsare a crucial aspect of business continuity. A sustainable business venture needs a forecast of upcoming incidents, which can materialiseinto negative consequences. Internationally recognised risk management standards provide a standardised framework for a timely and systematically recognising the risk factors and therefore allow for precautions to be taken in order combat them prior to […]

A business is vulnerable to many threats, both internal and external. A prepared management system with a robust risk management program in place can help minimise adverse situations with ease. In the event that your system is missing this piece, a company may face deadly consequences including resource waste, statutory punishments, and potentially bankruptcy. It […]