Risk managers often find it difficult to articulate the value of an investment in risk management. Likewise, business owners, directors, and executives struggle to justify an investment in risk management. Below are four key outcomes that will arise from an investment in risk management. As shown in the infographic which can be downloaded here, they are: Losses Avoided Licence to Operate – both regulatory and social Business Planning An Efficient Organisation The 52 Risks®  Resources Center has all the tools needed to kickstart an investment in risk management, including the 52 Risks ..read more

​Taking stock of the overall risk profile of an organization, assessing how effective existing risk management strategies are, and considering new or emerging risks often never takes place. Daily business gets in the way of sitting back and taking stock of risks in a business. Distractions can take the form of putting out spot fires, negotiating contracts, resolving issues with customers, dealing with projects, or managing personnel matters. Even strategic and business planning can take place without devoting sufficient time to thinking about business risks. Business leaders should car ..read more

​It is important for business owners, boards and managers to have a detailed understanding of all the risks their business faces.  This should include all strategic, financial, and operational risks.  To do this effectively, there needs to a rigorous and documented risk identification, assessment, and management regime in place. Strategic Risks are larger, macro and often enterprise-wide risks that can affect the shape and nature of a significant part of a firm’s or organization’s businesses.  This can be over a short-, medium- or long-term time horizon. Strategic risks impac ..read more

Start-up ventures face a range of business challenges. Start-ups are smaller enterprises without the established management or financial resources of larger, established businesses. Almost all start-up ventures today are technology firms, with business models built around software and technology-driven operational processes. For start-ups and technology firms, 52 Risks® can be a useful starting point for a high-level list of risk categories to consider. This can be used in the design stage or in the early pilot / start-up phases. The 52 Risks® framework can also be used as a business expand ..read more

With an uncertain economic outlook for many countries in 2023 it will be more important than ever to spend time identifying, assessing, and managing risk. The 52 Risks® framework can be used to assist business owners, executives and risk managers gain a deeper understanding of the risks that any business may face.  This will enable growth and stronger, more reliant businesses. Below are 23 ways in which the 52 Risks® framework can facilitate the discussion and oversight of risk in any business: Forward the 52 Risks® infographic to your colleagues and ask them to think about any emergi ..read more

Running a business can often take precedence over taking a broader and more considered view of the risks facing a business. Distractions can take the form of putting out spot fires, negotiating contracts, managing personnel matters, resolving issues with customers or dealing with major initiatives and projects. Taking stock of the overall risk profile of an organization, assessing how effective existing risk management strategies are, and considering new or emerging risks are important tasks for any business leader. It is important to make time to take stock of the risks in a business and u ..read more

​It is important for business owners, boards and managers to have a detailed understanding of all the risks their business faces.  This should include all strategic, financial, and operational risks.  For the most effective business outcomes, this understanding should be underpinned by a rigorous and documented risk identification, assessment, and management regime. Strategic Risks are larger, macro and often enterprise-wide risks that can affect the shape and nature of a significant part of a firm’s or organization’s businesses.  This can be over a short-, medium- or long-te ..read more

52 Risks® has been featured in the Governance Institute of Australia’s Risk Management For Directors: A Guide, released this month. The guide is plain English, no-nonsense guide to risk management for directors. The guide provides practical advice boards can adopt to manage risk. It includes sections on risk governance, the regulatory environment, risk management processes and tools, risk culture, and topical non-financial and emerging risks. You can download the guide for free here. The 52 Risks® framework provides a framework for all sizes of enterprises to complete this work. With all ri ..read more

Start-up ventures face unique business challenges. They are, by their nature, smaller enterprises without the established management or financial resources of larger, established businesses. Most start-up ventures today are almost 100% technology firms, with business models built around software and technology-driven operational processes. For start-ups and tech firms, 52 Risks® provides a starting list of high-level risk categories to consider. This can be used in the design stage or in the early pilot / start-up phases. The 52 Risks® framework can also be used as a business expands and gro ..read more

There is little doubt that challenges will face all businesses again in 2022. The 52 Risks® framework can be used to assist business owners, executives and risk managers gain a deeper understanding of the risks that any business may face.  This will enable growth and stronger, more reliant businesses. Below are 22 ways in which the 52 Risks framework can facilitate the discussion and oversight of risk in any business: Email the 52 Risks® infographic to your team members or colleagues and ask them to think about any emerging or strategic risks they can identify from the infographic Han ..read more