Identifying, understanding and managing risk
In today's business climate, managing risk is no longer an exercise reserved strictly for extreme events
Managing business risks is not a new wisdom. Unfortunately in the current climate many of the models used to assess risk have simply been found to be too static to take account of the real dynamics of the market. With the old concept of what constitutes business risk broken, boards and risk managers need to take a fresh look at their business and ask themselves difficult questions about their attitude and exposure to risk.
In today's business climate, managing risk is no longer an exercise reserved strictly for extreme events and unforeseen circumstances. It has now become a vital and permanent component of an organization's long-term strategy. Having sound Enterprise Risk Management (ERM) in place can directly influence the long-term profitability and sustainability of your business. When ERM is embedded into day-to-day activities, every level of your organization is better equipped to manage the risks that can affect your ability to achieve business goals.
We can develop a detailed ERM program to help you manage a range of uncertainties to achieve long-term resilience. We support clients in identifying, understanding and managing risk and help ensure an appropriate balance between risks and opportunities. Also, we assist businesses in designing and implementing governance and compliance programmes to ensure that the company continues to operate within the boundaries of relevant legislation and regulations.
Welcome to Resilience, a new PwC journal that tackles strategy, risk management and sustainability issues for businesses in today's uncertain world.
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