Running the risk of ridicule
The kinds of risks companies say they are exposed to range from the sublime to the ridiculous. Here are ten favourites of ours that definitely belong in the latter category.
- − Competition
- − Inaccurate or incomplete information used to manage our risks
- − Changes in accounting standards
- − Any major event on a scale that is difficult to predict
- − Failure to manage a crisis
- − Ethical misconduct or non-compliance with applicable laws and regulations
- − Weather conditions
- − Information technology systems may fail
- − Global nature of our operations
- − Failure to deliver our strategy