Managing Business Risk
Source: Nature Publishing Group
The commercial world abounds with risks, and life science companies can enhance their ability to manage them effectively. The breadth, depth, and pace of change faced by all life science companies pose many challenges and risks. Some of these risks are unexpected, but others - at least to some degree - are both foreseeable and manageable. Senior executives and investors often evaluate a company's ability to manage its risks on the basis of its management's track record, but previous experience alone is no guarantee that a company has sufficient risk management capability to safeguard its future success.