Whether in personal or
corporate endeavours, all activities are prone to both failures and unplanned
outcomes. This is due to the effect of
'risk's which is unavoidable. Risks can be natural calamities, mistakes or willful
actions by man, and they all can bear bad impacts to us. Some impacts may be
minor but others can be disastrous.
Risks cannot be waved away but
they can be managed. Some can be totally avoided, some lessened in damage
impact or be reduced in probability of occurrence. Unless we manage risks, they
will remain to haunt us and, often, severely damage us in some ways.
We - whether as individuals or
corporations - all carry our risk management. But for corporations, it can
become rather difficult because unless there is someone (i.e. risk owner) who
has responsibility for a risk, it is invariably ignored. Risk management in a
corporation is a difficult task....unless top management puts in place a system
of risk management. This is then regarded as an enterprise-wide risk management
or Enterprise Risk Management as
widely known.
Jacob Business Armor has the
technical knowledge and software solutions to assist organisations in
implementing risk management programmes.
