Risks are A Constant Threat

Every business faces risks—every day, all day. While you may be aware of the risks you currently face, the real question is:

• When was the last time you quantified those risks in financial terms?

• Have you mapped each risk to the specific products or services it impacts? (Keep in mind, risks rarely affect just one area, and your offerings evolve over time.)

• Have you considered how one risk may trigger others? Risks seldom occur in isolation; there's often a domino effect that many businesses overlook.

• If a domino effect does occur, do you know the financial cost? (Hint: It's usually more than the sum of individual risks.)

• When did you last evaluate and quantify emerging risks that could affect your business?

• Are you consistently operating within your defined risk appetite?

• Are your resources aligned with the risks that could cause the most significant damage?

These are the types of questions we help clients answer. In most cases, they’re surprised at the gaps in their existing risk frameworks—many of which haven’t been revisited in years.

When risks do materialize, companies are often caught off guard by the financial consequences, which can easily wipe out years of profit. Reputations suffer, and stakeholders—employees, suppliers, and clients—start asking tough questions. Some may even disengage.

How confident are you in your risk profile? Is there room for improvement?

Learn how others have benefited by working with us—financially, operationally, and reputationally.

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