In 60% of cases, a company that has had a major disaster can close its doors within three years. Risk management is therefore of great importance to any organization. Research has therefore shown that risk management improves financial, operational, and strategic performance.
Be prepared for the unexpected
Achieving goals almost always goes hand in hand with taking certain risks. When the word risks are often thought of as taking out insurance. To some extent, this is also the case, as risks can be covered in this way. However, it is even more important to introduce certain prevention measures: prevention is better than cure. In addition, risk management is also concerns about being prepared for certain calamities such as cyber-attacks. As a company, how do you avoid having to deal with this type of problem?
Engage an external party It is wise as a company to invest in risk management. It is extremely effective to work together with an external party that analyzes your organization with a fresh and expert view. In this way, business blindness does not play a role. In addition, immerse yourself in the employees of each department to get as broad a picture as possible of any risks. So involve both the internal and external environment of your organization. Safety is about being alert to the unexpected, so do everything you can to identify the unexpected.
Businesses can face several major risks, of which cyber-attacks are a good example. The growing emergence and development of technology mean that this type of risk is increasing. Preventing these attacks is therefore an important part of risk management within any organization. More and more companies are structuring the security of their information based on ISO 27001. ISO 27001 is an international standard that provides the perfect guideline for setting up information security. More information about ISO 27001 and information security can be found here.
In short: give yourself a certain position by identifying as many risks as possible. Invest in the security and stability of your organization by collaborating with an external party or by studying ISO 27001, the international standard for information security. Ultimately, the goal is to find the perfect balance between managing risks and consciously taking risks to achieve goals. In this way you prevent calamities, and you can be sure that you maintain your stable position in the market!