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Corporate Risks: Unit 1
A risk is a state of uncertainty that can affect an organization’s ability to achieve its objectives. Risks are a chance of loss and are part of a company’s life.
All organizations must face the uncertainty of risks and must be able to identify them in order to neutralize them and prevent them from negatively impacting the company.
Risks increase the cost of doing business. Therefore, investing in security and risk control is cheaper than paying the consequences. The ability of organizations to anticipate threats and to respond and adapt to risks depends on the control program implemented.
An effective leader goes through the OODA cycle, reflects on the knowledge gained, is proactive in identifying threats and obstacles ...
