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Identifying as many risks as possible often leads to not being able to manage it all properly.
One method is to ask the people with knowledge about the functioning of the organization, what could go wrong. It can be done using brainstorming, questionnaires, self-reporting etc.
Before you start risk management, it is important to identify the risks the company is exposed to.
Establish a catalogue of risks or a"risk register"
A risk can be defined as an effect of uncertainty on the objective. It is a different outcome from what you expected and can address, create or result in opportunities and threats.
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Risk analysis is the process of assessing the likelihood of an adverse event occurring within the corporate, government, or environmental sector.
Risk analysis is the study of the underlying uncertainty of a given course of action and refers to the uncertainty of forec...
Crisis management refers to the identification of a threat to an organization and its stakeholders in order to mount an effective response to it.
Due to the unpredictability of global events, many modern organizations attempt to identify potential crises before they occ...
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