Today’s marketplace and economic situation are moving too quickly for global companies to be merely reactive when it comes to their risk management capabilities. Risk management is now becoming a means of supporting growth and future development. Global organisations that are able to master a range of integrated elements – involving risk management in key decision-making processes, putting in place leadership with board-level visibility and infusing risk awareness across the organisation – are creating the means to differentiate themselves from the competition.
You are required to search the Online Library and web for any risk management articles that discuss the concept of risk management. (Please see https://catalyst.nejm.org/doi/full/10.1056/CAT.18.0197 and use this article as a reference.)
Evaluate the problems of:
1. managing the people side of risk
2. creating a powerful risk culture without turning the organisation upside down
In addition:
1. differentiate between global companies that acknowledge risk and those that do not
2. identify five techniques that could be used to mitigate risk
How the above can be used to sustain a proactive risk management culture?. Learners are required to search at least 3 or 4 academic articles and identify all sources/sites used.