HDI Global SE’s Post

Risk assessment and mitigation are key processes that businesses use to identify threats and take proactive measures to minimize their effect. The assessments allow businesses to allocate resources and prioritize areas that have the most risk. The strategies possibly include creating contingency plans, investing in insurance coverage, diversifying the markets or suppliers, enhancing security, etc. Constantly monitoring, evaluating, and adjusting these strategies are important to maintain their effectiveness in a constantly changing business environment. Read more: https://zurl.co/eeaB #expansion #diversification

In early August, the UK Government published the National Risk Register 2023 - its latest analysis and comprehensive framework regarding the risks posed to UK. In this article, DRD's Lawrence Dore and Beatrix Lohn examine the implications of the National Risk Register for UK corporates and their communications preparedness. #RiskManagement #CrisisManagement #StrategicCommunications https://lnkd.in/ebFszW58

What do you do with a risk register? Endless preparation for events that may never happen or have limited impact on your business? The UK's National Risk Register provides useful insights and methodologies to guide sensible risk and crisis planning. Here we give our view on what practical steps can be taken. #crisismanagement #corporatecommunications #riskmanagement

With 89 publishable risks identified (but not those that are defined as a security risk) - a weighty but valuable document the National Risk Register 2023 is an early warning mechanism, a tool for planning. Preparedness is key to risk management and mitigation - Lawrence and Bea explain more in this useful insight.

The current risk landscape has outrun most traditional risk functions around. Besides the concern surrounding responsible AI use, FSIs are endlessly managing the core risks of their business, and sometimes on the backfoot. FSIs that can only maintain their risk functions as defensive tools are at a competitive disadvantage. Growth, innovation, and differentiation all take calculated risk, but that’s close to impossible for many organizations to realize within the boundaries of their current operational frameworks. As transformative agendas slow to a halt, the negative impact of not being able to navigate the current risk landscape will make itself felt for years to come. For FSIs facing this predicament, managed services can prove to be nothing short of a game changer — allowing leaders to take their risk function from an operational necessity to a strategic enabler that affects the business as a whole. With economic volatility, cyber threats, and geopolitical tensions on mind, I highly encourage leaders to explore strategies that incorporate managed services provider to confidently chart course during dynamic times. To learn more, check out the EY insights page on risk managed services below: https://lnkd.in/eG4hWcrY

A journey of a thousand steps begins with the first step and the journey is always infinitely easier when you have your #tribe with you. At Marsh McLennan Asia we have built industry deep knowledge and expertise of our four core businesses truly innovating, always challenging but constantly evolving. The A-team that is working to support our clients in the moments that matter from supply chain management, affinity solutions, cyber risk management, people risk, climate sustainability, product recall and liability, rewards and compensation structure, risk and strategy mitigation, captive financing and risk management solutions. We work hard. We play hard. We are Marsh McLennan. Marsh Asia Mercer Asia Mercer Marsh Benefits Guy Carpenter Oliver Wyman

“TMT companies should focus on strengthening leadership succession and development, training the next generation of cyber defenders, and leveraging data and technology tools to fight inflation” Great thoughts from Protiviti especially with the emphasis on succession planning and thinking through uplifting the Tech leaders of the future.

🎙️ Join Dr. Ian Oxnevad and Christopher Mason as they dissect the #Boeing compliance failures, which stem from a breakdown in corporate culture. Building a resilient corporate culture is crucial for risk mitigation, and a balanced strategy is essential, especially in high-stakes sectors like aviation, involving open communication and whistleblower protection. Tune in now for invaluable insights on safeguarding your company's future! https://bit.ly/4b398Mj #Riskology #Boeing

Greetings, visionary leaders of the corporate world! 🌟 Are you ready to shield your business from potential risks and liabilities that could hinder your path to success? Look no further, because Feynman-Stuyvesant is your fortress of knowledge, dedicated to equipping you with the strategies to minimize risks and liabilities effectively. 🔍 **Navigating the Unknown**: In the ever-evolving landscape of business, navigating risks and liabilities can be as challenging as sailing through uncharted waters. Our team of experts at Feynman-Stuyvesant brings decades of experience to the table, providing you with the guidance needed to identify, assess, and navigate potential risks before they escalate into major issues. 🔒 **Fortifying Your Strategy**: Preventing risks and liabilities requires a comprehensive approach that aligns with your business goals. Our team will work collaboratively with you to devise strategies that protect your assets, intellectual property, and reputation. From contract review to compliance audits, we've got the tools to fortify your business strategy against potential threats. 🤝 **Tailored Protection**: At Feynman-Stuyvesant, we understand that every business is unique. Our solutions are tailored to fit your industry, size, and specific challenges. We're not just consultants; we're partners in your journey to success, providing you with actionable insights to minimize risks and liabilities effectively. 🌐 Ready to empower your business with a shield against risks and liabilities? Visit www.feynmanstuyvesant.com and discover a wealth of resources, articles, and case studies that will guide you toward securing your business's future. 🚀 At Feynman-Stuyvesant, we believe that proactive risk management is the cornerstone of sustainable success. Join us in safeguarding your business's journey, and let's conquer challenges together. 🛡 Your business deserves protection. Let's build a fortified future at Feynman-Stuyvesant! #MinimizeRisks #LiabilityProtection #FeynmanStuyvesant #BusinessConsulting #StrategicProtection #SuccessSafeguarding

As the global business landscape continues its dynamic evolution, anticipating and mitigating potential risks becomes increasingly crucial for enterprises of all sizes. Unveiling the insights of the latest Allianz Risk Barometer, this article delves into the emerging trends that are shaping the risk landscape for businesses worldwide in 2024.