While cultures and customs vary and are connected with different theories, the language of identifying and monitoring risks is consistent in leading boardrooms and management suites throughout the world. Effective and consistent risk management gives you and your employees the confidence to focus on achieving your organization’s key business objectives.
Along with every risk comes opportunity. Therefore, leading organizations carefully assess and evaluate their portfolio of risks and allocate appropriate resources to identify and manage their key risks more effectively than competitors do. For such organizations, having an effective risk management function is now an essential management discipline.
Some examples of risks, you can be faced:
- Key business risks, related to industry and organisation
- Personnel-related risk
- Technological and IT risks
- Compliance risks (e.g. regulatory and taxes)
- Internal control risks
- CRM and Public Relations
- Environmental and safety risks
- Corruption and security risks
Today for effective controls of all risks are needed specific knowledge and previous experience, which are beyond ordinary manager’s skills. This is the reason, why involvement of professional advisers is necessary for analysis of business processes and developing methods for mitigating risks.
Our employees are professionals in risk field and have competence and experience in consultations for management of typical core risks for the companies. The experts from Crowe Horwath network will be involved to the project, if particular competence is not available on the local level.