Today’s business environment is defined by going from one crisis to the next, often in quick succession. Business leaders and risk management professionals are looking for cost-efficient yet forward-looking risk management practices to enhance their company’s ability and preparedness to anticipate, prevent, adapt, respond to and recover from internal and external disruptions, whether unforeseen or not.

Establishing and maintaining clarity of critical risks to a company’s strategy and plan, continuing financial viability, and operational delivery will guide the development of focused, practical methods to build a resilient enterprise able to withstand the next crisis event. As business leaders adjust to new realities, applying risk management practices to develop and enhance enterprise resilience is no longer vital for only blue-chip companies but all companies across industries, whether big or small, complex or straightforward.

This article, written for Brainz Magazine, provides practical recommendations for management consideration to assist in the early adoption of Enterprise Risk Management and resilience practices. The guidance is designed to prevent adding costs whilst optimising the use of existing staff to provide leadership, deep operational insights and subject expertise.

Click here to access the full article.