The dangers facing your business are manifold, but you're not powerless to act. Here we present 13 ways to manage your risk, while below, toymaker James Galt proves just how important risk management can be.
There's a big difference between being confident and being complacent. A recent report from AXA Insurance and Henley Management College shows that 46% of SMEs don't have any kind of risk management in place. As Douglas Barnett, AXA's risk control and strategy manager puts it: "Given that SMEs account for over half of the UK's private-sector turnover, failure to make adequate provision against business interruptions has grave consequences to the businesses themselves, to their employees and to the wider UK economy."
And Henley's Jean-Noel Ezingeard agrees: "Too many of Britain's SME managers bury their heads in the sand when it comes to continuity planning," he says.
See full Article.
Posts
