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Risk Management Tips for Business

Strategy Driven

A certain amount of risk comes with the territory when you own a business. It is unavoidable, but that does not mean that the risk cannot be managed or effectively minimized. Here are some great risk management tips for business owners that will remain relevant regardless of how big or small your business may become.

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Business Risks and How to Prepare for Them

Strategy Driven

Risk management plays a big role in the finance department who are constantly assessing for risks that could impact the company’s cash flow or investments. However, there are a number of other risks that all departments have a view of that can cause big problems if not assessed and prepared for in advance.

PR 57
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Retail Security: Tips and Tricks for Businesses

Strategy Driven

It’s a busy time of year for retailers, whether you sell your products in-store or online. This way, shoppers will be able to buy your products more efficiently without being overcrowded. Plus, fewer people in your store means managing crime is made easier. Hire a Security Guard. Store Customer Details Safely Online.

Retail 109
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Why Workplace Security is More Important Than Ever

Strategy Driven

Having a comprehensive security policy will not only protect you and your staff, but it will also protect your equipment, products and sensitive data. By knowing which aspects of your business are at risk, and the security options available to you, you can establish a solid security policy to keep you protected.

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Has SAS Institute’s Goodnight Cracked the Code on Corporate Culture?

Michael Lee Stallard

The potential productivity boost from improving employee engagement and strategic alignment is staggering. He spoke of using parallel processing, a form of artificial intelligence, to create new solutions that address thorny risk management issues faced by financial services institutions such as banks and insurance companies.

Software 287
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4 Ways COVID-19 Will Continue to Impact Businesses in 2021 and Beyond

Strategy Driven

Financial technology won’t just take hold in banks and credit unions, either. Fewer people building products, packaging them, transporting them, or selling them means fewer products on the shelf. Clothing retailers, restaurants and grocery stores, and even some pharmaceutical products have all seen delays in 2020 as well.

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Every Manager Is a Risk Manager

Harvard Business Review

An MBA student once asked me to give her a simple explanation of the "risk management function." After a few minutes of fumbling, I told her that risk management is the process of identifying, prioritizing, and mitigating the impact of unforeseen (and usually negative) events.