What high-growth companies need to know about risk: Enterprise risk (part 1 of 2)
High-growth companies have a tendency to structure their risk management practices in silos. However, as these business grow, managing risk to enable sustainable performance becomes more challenging?and more important.
Effectively managing risk can be a competitive advantage. It can allow you to grow revenues more effectively; outpace competitors; manage more complex relationships with suppliers, distributors and agents; attract top talent; and undertake successful ventures in new markets. If your growth plans include a merger or acquisition, overseas expansion, new product launches or a public offering, having an effective risk management strategy will enable you to satisfy investors and other stakeholders that your risks are appropriate and well-managed.
Join Risk Management executives from Corning Inc., the world leader in specialty glass and ceramics, Under Armour, Inc., the originator of performance apparel, and Ernst & Young LLP for a Thought Center Webcast on effective risk management for high-growth companies. We will share insights and experiences designed to help you:
- Appreciate how risk impacts stakeholder value
- Understand how rating agencies are changing their views on risk and how your risk management practices may impact your company's debt ratings
- Understand how methods and practices can enable efficient and effective risk management
- Determine your risk profile and assess how business risks can be identified, assessed, prioritized and managed
- Overcome the challenges of embedding a risk culture within your company
In addition to addressing these topics, panelists will also provide tips you can use to kick-start an enterprise risk assessment and to create an effective risk management program to support your growing business.
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Our Risk Management series continues on July 14, 1:00 pm - 2:00 pm EDT. Please save the date for this second broadcast.