Reputational Risk
This is defined as any sort of threaten or danger that can damage the good standing of your business and negatively impact your reputation with consumers and overall business success.
Such risks are usually unexpected and occur with little to no warning. All kinds of reputational risk can cause consumers and sometimes business owners to lose confidence in the business.
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![What Is Reputational Risk? [+ Real Life Examples]](/_next/image?url=https%3A%2F%2Fd3t70bohx4vuj7.cloudfront.net%2FMyhHY97mdBvDFJ7B9cejAX5N-DU-IcLOJO2reIvhgJQ%2Fresize%3Afill%3A500%3A0%2Fgravity%3Asm%2FaHR0cHM6Ly9ibG9nLmh1YnNwb3QuY29tL2h1YmZzL3JlcHV0YXRpb25hbC1yaXNrLmpwZw&w=3840&q=75)
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The Risk Template
NASA identifies any potential risk using the following variables:
- Condition: A fact-based situation that is causing concern or doubt.
- Departure: The variation or potential change that the condition will cause.
- Asset...
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