Enterprise Risk Strategy
Economic losses, damaged reputations and corporate failures through unforeseen market forces are a constant threat to organisations. Not even the most enlightened companies could have predicted how difficult the recent economic climate and trading conditions would have affected their businesses. Managing enterprise risk is not a new concept or wisdom, though within the current climate existing risk models or ERM frameworks appear flawed. This is because they fail to take into account the true reality given the increased complexity of risk and changing market dynamics.