Understanding the role of the CRO and its key focus areas
Risk management has grown in importance in an increasingly complicated, dynamic, and interconnected business world. Technological improvements have transformed corporate operations, but they have also created new risk management and mitigation challenges. More businesses are realizing the value and need to have a comprehensive risk management framework that enables them to better predict and identify risks, so that they can be turned into sustainable competitive advantages.
As a CEO, it is important to understand and value risk management within your organization. ERM is a plan-based business strategy that aims to identify, assess, and prepare the organization for any hazards and potential disasters that could interfere with its operations and objectives.
In many organizations, risk management is still at a crossroads. The best risk managers are those who look for opportunities to broaden their knowledge base, refine their...
