Risk transformation

Risk transformation is about how to mitigate risk and in parallel develop competitive advantages. The goals of risk transformation are first to combat risk and secondly to differentiate and create solutions for the benefits of clients/users. Risk may include financial risk, security/safety-related risks, uncertainty, and risk through action or lack of action.

Roles

Risk transformation is relevant in many areas, such as:

  • Regulatory risks, involving compliance or lack of compliance
  • Risk related to management and operations
  • Organisational risk
  • Project management risk
  • Systems implementation and technical support risks
  • Strategy risk, related to strategy development and execution, or lack of strategy
  • Functional risks, such as within sales/marketing, logistics, production, and finance
  • Security/safety risks, including attacks related to terror, criminals and attacks on countries and organisations from other nations

Steps

The steps of risk transformation include:

  1. analysis
  2. development of possible solutions
  3. decisions
  4. implementation
  5. control, update, continuous improvements

Ofer Abarbanel – Executive Profile

Ofer Abarbanel online library

Ofer Abarbanel online library

Ofer Abarbanel online library