What characterizes effective risk management?
Risk management is a key component of responsible corporate governance. It identifies, evaluates and monitors all risks that are potentially damaging to the company. In the wake of various crises affecting the economy, these potential risks have increased sharply in recent years. As a result, risk management has become even more important. Inflation has left its mark, as has the pandemic and Russia’s war in Ukraine. Material shortages, high energy prices, a possible recession and cyber threats also present companies with major uncertainty. The only way to survive these crises is to invest in risk management.
Eight risk mitigation strategies for successful risk management
Facing the risks within the current risk landscape requires a solid risk mitigation strategy. The right strategies depend on a company’s risk management priorities and the severity of acute threats. Hedging contracts, cost cutting and an analysis of current financing will protect against the financial uncertainties brought on by inflation. Increased cybersecurity mitigates the risk of costly cyberattacks and supply chain analyses uncover any supplier supply shortages.
Stronger partnerships can help find joint solutions to problems and facilitate managing crises together; documenting potential risk scenarios helps companies develop the right action plans. Risks can be diversified through M&A transactions. All these risk mitigation strategies support companies with their risk management and arm them against crises.
Defining risk appetite and finding the right risk management tools
Risk appetite describes how much risk a company is willing to take to reach its business goals. It ranges from no risk appetite to an aggressive risk appetite. Once the company has identified its own appetite, it can use risk management tools to identify risks, evaluate them and develop appropriate mitigation measures. Successful risk management is typified by a combination of risk appetite, risk mitigation strategies and the appropriate tools.
Everything for successful risk management in one set
Our PowerPoint template provides you with information on current crises and risks. Present the issues and challenges of today's risk management to your employees using illustrative slides. You also get a selection of risk management tools and eight risk mitigation strategies to help you visualize your risk management in PowerPoint.
With our Risk Management PowerPoint template, you can
- present key information on the 2022/2023 risk landscape
- use eight risk mitigation strategies and selected risk management tools
- present your risk management, including challenges and issues, to your employees
This PowerPoint template includes:
- Relevance of risk management
- Definition: risk management
- Risk origins
- Risk identification life cycle
- Internal and external risks
- Types of external risks
- Managing risks correctly
- Enterprise risk management (ERM)
- ERM components
- Risk management maturity model
- Risk management potential
- Preventive and corrective measures
- Hedging contracts
- Cut costs
- Re-evaluate financing
- Strengthen cybersecurity
- Analyze the supply chain
- Strengthen relationships
- Analyze risk scenarios
- Mergers & acquisitions (M&A)
- What risks are we willing to take?
- Definition: risk appetite
- Advantages of a defined risk appetite
- Risk appetite table
- Risk appetite scale
- Risk strategies
- Risk breakdown structure
- Risk log
- Risk canvas
- SWOT analysis
- Bow tie analysis
- Scenario analysis
- Risk matrix
- Risk value calculation
- Weighted risk table
- Risk-value matrix
- Risk-opportunity matrix
- Risk response table
- Action plan
- Action plan table
- Risk roadmap
- Inflation rate comparison
- Rise in inflation rates: Eurozone
- Impact of inflation on businesses
- How can we overcome the recession?
- Will there be a global recession in 2023?
- Long-term interest rates forecast
- Repercussion of rising energy and food prices
- Global trade recovery is at risk
- Global supply chain bottlenecks
- Implications of supply chain bottlenecks
- Global labor shortage in four figures
- Defend against the next cyberattack
- Cybersecurity forecasts
- Key interest rate, inflation and credit