Big or Small: 21 Risks Every Organization and Company Should Not Overlook

Annually the Global Risk Report provides insight on the top world-wide risks with 10-year impacts. To build on this annual report, Dr. Hardy has compiled a list of 21 risks she suggests organizations not lose site of over the long haul. Below are numbers 1 thru 6 of the 21 risks she has identified:

 

Business processes  

Threats and opportunities associated with business process design or implementation.

 

Capital infrastructure  

Threats and opportunities associated with an organization’s capital infrastructure including hard assets (e.g., buildings, vessels, scientific equipment, fleet), but excluding IT.

 

Communications  

Threats and opportunities associated with an organization’s approach and culture of communication, consultation, transparency and information-sharing, both within and outside the organization.

 

Conflict of interest  

Threats and opportunities associated with perceived or potential conflicts between private and public interests

 

Financial management  

Threats and opportunities associated with the structures and processes of an organization to ensure sound management of financial resources and its compliance with financial management policies and standards

 

Governance and strategic direction  

Threats and opportunities associated with an organization’s approach to leadership, decision-making and management capacity