Risk management and contingency planning has really come to the fore since the first edition of this book was published. Computer failure, fire, fraud, robbery, accident, environmental damage, new regulations – business is constantly under threat. But how do you determine which are the most important dangers for your business? And what can you do to lessen the chances of their happening – and minimise the impact if they do happen?
This comprehensive volume shows how you can identify – and control – the relevant threats and ensure that your company will survive. He begins by asking 'What is risk?', 'How do we assess it?' and 'How can it be managed?' He goes on to examine the key danger areas including finance, product quality, health and safety, security and the environment. With case studies, self-assessment exercises and checklists, each chapter looks systematically at what is involved and enables you to draw up action plans that could, for example, provide a defence in law or reduce your insurance premium.
The new edition reflects the changes in the global environment, the new risks that have emerged and the effect of macroeconomic factors on business profitability and success. The author has also included a brand new set of case studies to illustrate his ideas in practice.