Whatever the economical context or exploitation domain, certain businesses show continued performance and growth whereas others are stagnate or disappear. According to you, why? The key to their success is the risk management inherent to the operations. To obtain commercial objectives and to present a constant evolution, these successful businesses are able to treat all types of incidents that could happen during daily activities. Fire, theft, customer injury, all incidents are managed and documented in a manner to caution itself against all collateral losses.
An incident happens at your place. What do you do?
Those organizations that have endowed themselves with a process of operational risk management have done an integral part of their strategic planning of business development. This process translates itself by a set-up of control methods of daily activities, the collection of contemporary information and rapid intervention. To be efficient, risk management must link up and be linked to all business spheres. Like an orchestra conductor who coordinates instrumentalists, risk management equilibrates the balance.
The risk management in business allows, firstly, to diminish the associated operational losses by the establishment of quality standards, of policies and of work procedures. By a quick intervention, the resolution of the incidents and the transmission of information are done in a pertinent manner and this, to the profit of the corporation and its reputation. This also serves as a tuner anticipating the tendencies in order to determine the organization’s future orientation.
To entrust who with this responsibility?
The new view of the business world privileges the externalisation of risk management. The tasks are carried out by an external firm that has the advantage of being detached, objective and works for the sole interest of the organization. The information is collected directly in the field and is transmitted directly to the administrators in a totally transparent manner. The business leaders therefore have a true contemporary picture of the events and immediate and future action plans are elaborated with the cooperation of the strategist of the external firm in an enlightened manner.
The risk management firm has obtained experience with other organizations and offers the advantages of a network of experienced participants that can instantaneously carry out required actions in times of urgency or crisis. When granting the risk management to an experienced firm, the business can also count on services of communication, of legal representatives, of supervision and of investigation or any other expert and this, at all times. To find out more about the externalisation of risk management, click here.