heets to manage risk
organisations ,” explains Val Jonas , CEO of British consultancy company Risk Decisions .
“ Good risk management may be carried out locally , but this doesn ’ t necessarily meet the organisation ’ s need to achieve a connected view of risk . It also doesn ’ t encourage creativity in thinking about both up-side and down-side scenarios . This is exacerbated by the fact that most organisations still use spreadsheets to manage risk in each silo .
“ Those organisations most effective at risk management embed a culture of risk awareness and management as a top-down imperative . This encourages more informed risk taking , drives creativity and increases business performance .
“ Key strategies include establishing a consistent approach to give panorganisation visibility of risk , while allowing different operational areas to
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