Seeing the big picture with an enterprise risk management program
- Details
- Published: Thursday, 25 January 2024 08:53
- Written by Phillip Strickler, CPA.CITP
There’s no way around it — owning and operating a business comes with risk. On the one hand, operating under excessive levels of risk will likely impair the value of a business, consume much of its working capital and could even lead to bankruptcy if those risks become all-consuming. But on the other hand, no business can operate risk-free. Those that try will inevitably miss out on growth opportunities and probably get surpassed by more ambitious competitors.