Oct 31, 2017
In today'a votile world of uncertainty effective management of risk is vital.
This episode provides an overview of risk consideration, management, and defining risk appetite. The challenge is how much uncertainty or risk are you prepared to accept.
The key is having a process for balancing exposure to risk against the opportunity with the goal of enhancing your capability to create, preserve, and realize value.
The term PESTLE refers to political, economic, social, technological, legal, and environment. The podcast also covers internal environment categories including capital, people, process, and technology.
The podcast discusses and describes risk appetite since it is crucial in providing a guide to determining the type and amount of risk one is willing to accept.
The next episode will discuss how businesses define and identify risks together with ways to manage risk.