J
Jose
- Original Poster
- #1
Risk is present in every business today. But how do businesses measure it or the impact to their business if it were to materialise?
Most people I know measure the consequences of a loss purely in financial terms, i.e. loss of profits, sales or cash flow. However, as I have often found out its the emotional turmoil following a loss that creates the greatest havoc,.i.e the well being of the individual.
Try to identify the greatest threat to your business (e.g. Loss of main customer, technological change, loss of key staff, litigation....etc) and then assess what the consequences would be to your business if the threat were to occur.
I would be interested in the view of Board members.
Most people I know measure the consequences of a loss purely in financial terms, i.e. loss of profits, sales or cash flow. However, as I have often found out its the emotional turmoil following a loss that creates the greatest havoc,.i.e the well being of the individual.
Try to identify the greatest threat to your business (e.g. Loss of main customer, technological change, loss of key staff, litigation....etc) and then assess what the consequences would be to your business if the threat were to occur.
I would be interested in the view of Board members.
