Assessing Your Risk
Now more than ever, businesses need to be able to assess risk. With the looming shadow of COVID-19 and the financial fallout, risk never feels like it’s too far away. So how can organizations evaluate and manage risk in this remote work world?
Success hinges on the ability to anticipate and mitigate potential risks – that much is clear. Risk assessment must be done quickly, efficiently, and properly, because time is of the essence. In best practice, risk management avoids failure and reduces costs. The question remains, what are the best strategies for accomplishing this?
We believe that risk is best identified when a company’s key people are connected. Whether that involves senior management, employees, or customers, a company should be forthcoming and make their stakeholders aware of the risks. Customers and employees alike value businesses that encourage honesty and integrity and allow collaboration to thrive.
Auteur Calvin Lee