Risk Insights: Risk, Response and Reduction – Process

What risks does your organization face that could thwart it from effectively executing your company’s goals? Identifying risks and vulnerabilities that arise from the execution of your company’s strategy is part of managing risk at the process level. It extends to your team’s competency at recognizing and addressing external and internal vulnerabilities. In addition, it can also complement expertise in addressing potential threats at the other tiers within the organization. It’s important to review all organizational activities to identify possible breakdowns or challenges, from compliance and finance to operations.

With a renewed emphasis on addressing risks, your organization will be better equipped to respond to potential events that could adversely affect the company – and to capitalize on the opportunities for improvement that you can also uncover when potential risks are identified.

To read more about managing risk at the process level, view Weaver’s Risk Insights document, Risk, Response and Reduction – Process. For a discussion specific to your organization, please contact Alyssa Martin or Jody Allred, Weaver partners in risk advisory services.