Risk management is a vital aspect of a business. It's even more vital if your business depends on suppliers to properly operate. In many cases, companies experience compliance, security, and business continuity issues with their suppliers, which is why a Vendor risk assessment is … [Read more...]
How To Use A Risk Heat Map
Risk heat maps are data visualisation tools designed to give you an insight into the specific risks your organisation faces. With these tools in place, it's easier to identify and prioritise risks associated with your line of business. By helping you to understand your … [Read more...]
How to Reduce the Risks Your Business Takes
When it comes to finding success in business, it’s always necessary to take some sort of risk. That’s just the nature of business. But there are levels of risks, and there are some kinds of risks that simply don’t need to be taken. If you want to reduce the amount of risk you’re … [Read more...]
Risk Management Lessons Gleaned During a Tumultuous 2021
By Christopher Gallo, CIC Services The start of 2021 seemed promising as many businesses reported confidence in their business outlook. Small businesses, in particular, were optimistic regarding a rebound, with nearly 60% of respondents reporting they expected a significant … [Read more...]
5 Risk Management Tips for New Entrepreneurs
Every new business faces risks and failures during its beginning period. Beginning entrepreneurs may have tons of knowledge on how to launch a business but circumstances change and they are facing new risks and losses every day. How you manage those risks is what decides whether … [Read more...]
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