Meshing Risk Culture and Your Business Values
Building a culture that emphasizes risk awareness is often the most valuable action you can take to manage risk. The spirit, philosophy, and attitude of a business culture constitute one of the few business frameworks that can carry you forward, no matter your level of risk management sophistication and maturity. Such a strong culture also carries the company through difficult challenges, regardless of the types of risks you face.
Setting up a risk culture is all about creating awareness and respect. The objectives to meet to establish a risk-aware environment are as follows:
◆ Getting the workforce to proactively identify risks
◆ Making the workforce keenly aware of the risks that lie within their ...