Operational Risk Management: While You May Not Be Able To Control The Event
Remaining productive, staying competitive, and enjoying continuous improvement means making the best, most informed operational decisions in a timely manner. However, a sudden event, such as equipment failure, a blackout, the loss of key markets, terrorism, supply chain interruptions, or an e-commerce failure, can occur anytime to seriously affect the continuity of your business, threaten your image in the marketplace, and impact shareholder value. You cannot predict when or how the next SARS will impact your organization, but with the right insight and planning you can better ensure that your company survives the event while retaining a competitive advantage. Some risks take the form of small but frequent losses; others are short but crippling. To manage your business risks effectively, you need an integrated approach.