How to identify risks? - SilverBulletRisk
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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.
Identifying as many risks as possible often leads to not being able to manage it all properly.
SIMILAR ARTICLES & IDEAS:
It aims to define your critical uncertainties and develop plausible scenarios in order to discuss the impacts and the responses to give for each one of them. If you are aware of what could h...
While body language cues can offer clues to deceptions, it is often not good enough. More accurate signals are:
The passive process of observing a potential liar's body language and facial expressions to spot lies is limited.
Adopt a more active approach by asking the individual to relate their story in reverse order rather than chronological order.
People often rely on stereotypical behaviors that are often associated with lying such as fidgeting or shifty eyes. But these signs are simply old wives' tales.
Your first gut reactions might be more accurate than any conscious lie detection you might attempt.
But those who routinely examine the way risks propagate across the entir...
Most companies only examine the most direct risks facing a company and tend to neglect secondary risks that can have an even greater impact.
Companies need to learn to evaluate aftereffects that could weaken whole value chains.
All differences in business models can create the potential for competitive risk exposure. This does not mean that a company should imitate its competitors, but that it should consider the risk when they have different strategies.
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