10 Things You Don't Know About Managing Your Business Operations Risks
Source: American Management Association
Operational risks are those that impact the continuity of your core business functions. Whether the precipitating event is severe weather, a dock strike, an act of internal sabotage, a pandemic outbreak that takes out your supply chain, or an act of terrorism, the interruption of normal functions can have severe, long-term consequences. Left unaddressed even for a brief period, these interruptions can quickly lead to a loss of market share, erosion of a brand's reputation, noncompliance with regulatory mandates, and ultimately, even business failure.