No More Risk as Usual

This eBook takes the pain out of risk management. It is not intended to create a rigid, step-by-step method for risk management. It is aimed to reveal effortless strategies that will allow you to take advantage of risks and grow your business.

Complexity and volatility in the business arena is higher than ever. This brings about more powerful and diverse sources of risk. The ability to deliver growth and performance in varied business climates with confidence and clarity has become a business imperative in the wake of the financial crisis.

To achieve resiliency and sustainability in the current environment, companies must let go of business-as-usual approaches to risk management. Now, more than ever, risk management is in need of change and transformation.

This eBook is written for board members, business owners and senior executives – the people responsible, in their capacity as strategic leaders, for identifying and responding to the potential risks and game-changing opportunities that face an enterprise. These risks can be “strategic advantage,” since managing the risk and taking advantage of the opportunities is an essential part of an effective business strategy. In this eBook, we discuss why business leaders often suffer from an incomplete understanding of strategic risk – and what they can do to avoid being blindsided by the unexpected.

Contents

Ch1 A Different Perspective

Ch2 Risk as Opportunity and Strategic Advantage

Ch3 Be Aware of your Point of View about Risk

Ch4 Risk management

Ch5 Three Distinct Types of Risk

Ch6 Taking Advantage of Potential Opportunities

Ch7 Why the Board Should be Interested in Risk

Ch8 Governance Risk Management Framework

Ch9 The Role of the CEO/Senior Staff

Ch10 Risk Management Committee

Ch11 Risk Management Process

Ch12 Define the Risk Management Framework

Ch13 Risk Management Policy

Ch14 Identify Risks

Ch15 Risk categories

Ch16 Evaluate Risks

Ch17 Establish Level of Risk

Ch18 Risk Management Strategies

Ch19 Risk Management Plan

Ch20 Monitor and review

Ch21 Embedding Risk Management into the Organization

Ch22 Risk Management Project Plan

Ch23 What Else is Possible