During this month we have been talking about Risk Management and Risk Appetite. NSW Business Chamber also interviewed Our CEO Alf Esteban on the value of risk management to organisations - regardless of size. We wanted to share this article with you; we hope you find it useful:
Don't just tick the box of risk management - think outside it.
It's where real value lies.
As kids we’re taught to avoid risk but embracing it may be the best thing you can do for your business.
Look through negative perceptions
In fact, placing a higher value on risk management is one of the best things you can do to ensure your business flourishes.
Understand your appetite for risk
Where to go for help
“Embedding risk management techniques is probably the hardest part for any organisation, because it potentially means getting people within that organisation to do things they don’t necessarily want to do,” says Alf.
While change may be difficult, the results speak for themselves, he adds, citing the example of a government client who reported an 80 per cent improvement in the efficiency of its service delivery after implementing Protecht’s risk management strategies.
“They’re seeing fantastic results from using our system,” Alf says.
HAVE A LOOK AT OUR UPCOMING TRAINING COURSES.