How to improve the practical applicability of risk management
In most companies and organizations in our country, risk management is limited mainly to administrative activity without real useful value.
Marketing Creates Trust. Trust Reduces Risks.
Risk management is a topic that Slovenian marketing community rarely addresses. But a period is coming in which risk management will become an increasingly important business area and in which marketing can also find its place and role. How can marketing improve the impact it has on a company through risk management? Lovro Gruden (Indigo […]
Emergency situations require extraordinary review of the risk register
The path to a risk register that reflects credible and up-to-date- state of risks is a long and demanding one. However, it usually begins with an awareness of the presence of risks and their possible impact on the profit or loss, or the reason for it is an unpleasant event that left significant consequences on […]
9 Useful Tips for Business Continuity in Times of Crisis
The old Slovenian proverb goes:The fed crow does not believe the hungry crow. I often think of it when we talk about business continuity management or more specifically the likelihood of serious business interruptions. The possibility of events such as a large-scale earthquake, a prolonged power outage, an epidemic or pandemic across the country, a […]
Nothing lasts forever, nor will the crisis: plan today for success in the aftermath
In spite of warnings and alarming situations from abroad, one or two weeks ago none of us could imagine the full extent of the effects of the corona virus. In just a few days, we have shut down businesses, closed offices, relocate businesses to virtual offices as much as possible, found web applications and IT […]
What is the effective risk control?
A crucial element of an effective risk management strategy is the setup of the risk control framework and identification of the appropriate KRIs (Key Risk Indicators). This task requires a precise definition of the objectives to select the potential elements that might hinder the achievement of those objectives. The process of identifying the KRIs may […]
Risk Management & Business Continuity: Is Your Business Ready for Disaster?
Ask yourself: Can you effectively continue your business after a fire, flood, earthquake or loss of your most important customers or suppliers? In light of the current spread of the coronavirus on a world-wide scale, it is possible that in many cases business continuity plans will have to be activated. As we know from media […]
5 risk mitigation strategies and how to properly manage the risk mitigation
The ultimate purpose of risk identification and analysis is to prepare for risk mitigation which includes reduction of the likelihood that a risk event will occur, and/or reduction of the effect of a risk event if the latter does occur. This time, we will show you the strategies to reduce or mitigate such risk and […]
How will we manage risks tomorrow?
Change has always been a common part of business; and yet today, companies are feeling overwhelmed by the pace of development and technological change. As a consequence, only a few risk departments think they are adequately prepared for technological change, and that they also enjoy the support of their organization. In such circumstances, how will […]
How to reduce critical infrastructure risks by enhancing the security culture among employees?
The recent disruption in the medicine supply in Ljubljana has proven that risks and adverse events are not just a theory, or something that happens only to others. The same can be said for the possible occurrence of multi-million-dollar financial damage and “immeasurable damage to the company’s reputation and customer confidence”. In addition to the […]