Mastering Risk with Business Forecasting
Even the most seemingly sophisticated enterprise risk management systems seem to have offered little protection from some of the recent economic storms. And on top of this, there doesn’t seem to be any consensus regarding how to factor risk into planning processes such as forecasting that businesses ought to be able to rely upon to keep themselves out of the way of disaster.
Is risk just an inherent factor of business today? Are companies simply doomed to fail in today’s fast-paced environment? Should the blame be put on human error or shortsighted processes?
This paper discusses how it is risk management practices that play a key part of managing risk today, and shows how developing a more sophisticated understanding of risk and building the management capabilities to match can help organizations stay afloat during tumultuous times. Read on to learn more.