Risk management has shown to be increasingly relevant to the business world. Also, companies that already invest in this area, come out ahead and are prepared to face changes.
The fact is that risks are everywhere. In the modern and globalized world, it may not seem like it, but what happens on the other side of the world is directly linked to your results and your business.
The speed and integration of information that takes us further is the same thing that can stop us. Being prepared to face risks is knowing that you can overcome them and move forward.
What are the disadvantages of not investing in risk management?
In the first place, the main point that needs to be highlighted is that companies that do not invest in managing their risks. Because they are totally unprepared for any unforeseen event.
That is, if the dollar rises, raw materials run out, machinery needs repair, rain causes damage to the factory or even a leak in the plumbing, the impacts that your business will face as a result of these unforeseen events will be greater.
The reason is quite simple: it did not monitor, was not prepared and does not know how to solve and mitigate the impact caused by these actions.
Equally important to emphasize is that it doesn’t matter if the company has excellent planning, or invests in the best management tools, the processes are always in continuous improvement, at some point risks will arise. This is unavoidable, mainly because they can arrive in countless different ways.
Another reason to state and emphasize that risk management is something that goes beyond the predictability of something happening. It is also a strategic management, where you study the risks and create plans, based on the available resources, to prevent it from compromising the results and having a great impact.
If every event has a cause and a consequence, it is necessary to find a balance between the two in order to move forward.
How can Actio help you manage your organization’s risks?
If you’ve convinced yourself of the importance of carrying out this management, the good news is that it’s not as complex as you think. Basically, it can be done in 4 simple steps, but which provide an excellent overview:
- Elaboration of impact response.
Actio has developed software to help companies that want to protect themselves, carry out more efficient and strategic risk management. It’s Belt, a complete risk management software that helps your company follow a safer path based on the anticipation of problems. The software have rapid response based on data, to make strategic decisions with less impact for organizations.
In this way, in addition to ensuring a safer and more predictable living environment, it is also possible to avoid and minimize the loss of resources, whether financial, material, time or even people. It is a way of ensuring more security for everyone involved in the different areas and business processes, positively impacting the productivity and agility of the teams.
Want to know more about Belt and how Action can help you? Contact us.