Enterprise Risk Management First Step
To establish a " holistic approach to your business risk, the first step is to start with your goals. In order to achieve your business goals on a consistant basis you then need to keep the risk of the business in control in all phases. Therefore apply the risk management process to sales , marketing , human resources , financial , vendors, suppliers, stockholders , debt , R&D, etc... Enterprise risk management takes a lot of work and is the reason why most businesses do not do it. In my next post I will break down the risk management process that needs to be applied throughout your business. Until next time, be careful out there and know your risks. K