Risk Management for Internal and External Risks - Introduction | Knowledgecity.com

Click here to view full course:
https://www.knowledgecity.com/en/library/BUS1434M1/risk-management-for-internal-and-external-risks. As organizations face increasing complexity, both in the marketplace and in their own business operations, they should anticipate and prioritize threats to their organization as part of their corporate strategy. They should consider risk in all management decision-making, from new product development to growth strategies. They should develop risk management programs that identify all sources of risk. Sources may be the behavior of their own employees or external forces and events, and they can cause problems for a company’s brand and reputation.

In the course, Risk Management for Internal and External Risks, you will learn how to identify and explain the primary areas of risk that organizations face, both internally and externally as well as their impact on brand and reputation. You will learn that internal risks can range from employee behavior and misconduct to cyberattacks and data breaches. You will also learn that, as part of their corporate strategy, leaders must be aware of risks from external sources. These include risks that are easily observable and those that are more difficult to determine, including regulatory and operational risk, financial and economic risk, and environmental risk. You will realize that these risks are not always separate and distinct but are interconnected. A threat in one area of the organization can impact another area, and understanding and tracking these relationships can greatly enhance one’s ability to control risk. You will learn that, in order to create an effective risk culture in organizations, leaders need to be perceptive and diligent in identifying risk and establishing risk management programs. You will see that the role of leaders in risk management is intensifying.


https://www.knowledgecity.com | Online Employee Training Platform. KnowledgeCity offers 25,000+ online video tutorials in Business, Computer, Safety, Compliance, and Finance.


Subscribe to our YouTube Channel: https://www.youtube.com/user/knowledg...


Check our Blog
https://goo.gl/q47XKK
Connect with KnowledgeCity!


Twitter
https://goo.gl/wToC6s
Facebook
https://goo.gl/3eMEq9
LinkedIn
https://goo.gl/vg1aXt