The Role of Risk Management in Organisational Strategy Development
Posted by John Puttick in Apr, 2024
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In the development of organisational strategies, risk management plays a crucial role in identifying, assessing, and mitigating potential risks that could impact the achievement of strategic goals. By integrating risk management into the strategy development process, businesses can make informed decisions and safeguard their future success. Why do people in enterprises need risk management in […]
Category: BSBSTR602
Business Contingency Plan
Posted by Flora Bouton in Aug, 2015
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What is a Business contingency plan? A contingency plan is developed within the broader risk management plan and details a pre-researched course of action for management and staff to follow in an emergency or when an organization experiences an unexpected event that has the potential to affect the financial position, business image or market share […]
Category: BSBSMB406
Post Tagged with article, business continuity, contingency, contingency plan, contingency planning, disaster recovery, incident response, risk management, risks, SMB Risk management
Posted by Peter Baskerville in Dec, 2013
What is Risk management? Risk management is the process of identifying, evaluating and prioritising risks, then identifying and taking steps to minimise these risks. What is Risk management like? Risk Management is like the safety features in a car. When you are out driving, you will encounter bends in the road or other problems which […]
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Peter Baskerville is an entrepreneur with a passion for developing innovative solutions for the many problems facing the vocational training industry in the 21st century. As founder and manager of many businesses incorporating over 30 outlets, Peter has invested decades in discovering and applying best practice work skilling in a variety of contexts. He currently shares these insights on Quora with some articles being published by Forbes, Huffington Post, INC and Slate. Peter was awarded the Quora Top Writer award for 6 years starting in 2012. For many years Peter has been a facilitator of the Start Your Own Business course. Peter carries the endorsement of his peers in areas of E-Learning, Start-ups, Coaching and Higher Education.
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