Businesses urged to prepare for unexpected
Businesses are being urged to prepare now for the unexpected in 2010 and re-evaluate their risk management strategies.
According to RSM Bird Cameron’s director for risk management, Jean-Marc Imbert, the global financial crisis resulted in rising bad debts and budget deficits and many businesses will be feeling the after effects way into 2010. Imbert says businesses should see these as the warnings signs that they need to re-evaulate risk management for 2010.
Imbert says there are eight strategies businesses can implement to help them survive an potential risks that many occur in 2010. They are as follows:
1. Beware of fraud
2. Scrutinise business relationships
3. Review staff requirements
4. Embrace change
5. Review shared services model
6. Accommodate new tax regimes
7. Monitor price fluctuation
8. Prepare for growth
Businesses are being urged to prepare now for the unexpected in 2010 and re-evaluate their risk management strategies.
According to RSM Bird Cameron’s director for risk management, Jean-Marc Imbert, the global financial crisis resulted in rising bad debts and budget deficits and many businesses will be feeling the after effects into 2010. Imbert says businesses should see this as a warning that they need to re-evaulate risk management for 2010.
Imbert says there are eight strategies businesses can implement to help them survive any potential risks that many occur in 2010. They are as follows:
- Beware of fraud
- Scrutinise business relationships
- Review staff requirements
- Embrace change
- Review shared services model
- Accommodate new tax regimes
- Monitor price fluctuation
- Prepare for growth
