Understand the importance of making a preliminary risk analysis corporate integrated into the strategic management of your business
Companies are increasingly aware that it is not enough to draw up a good strategy and monitor its implementation. It is also necessary to monitor the risks inherent in that strategy, in order to know when it should be revised or when to make decisions and suggest actions to minimize the threats.
According to Guilherme Barbassa, director of Stratec, every strategy is a choice. And it comes with inherent risks. "Once you've chosen your strategy, the ideal thing is not to lose sight of the risks it brings and to monitor them in order to detect when it will be necessary to take action to protect and mitigate the risk," he warns.
There are already well-established methodologies on the market for making the risk analysis and monitoring these external events that could have a negative impact on the organization. In order to define risks, it is necessary to assess the probability of a given event occurring with a negative consequence versus the severity of the consequence should it occur.
Stratec's Risk Management software allows managers to make the risk management identified in the planning stage or when formulating strategies and, in the event of any deviation, the system automatically triggers alerts for actions to mitigate the risk. "Once the threats have been identified, you can record risk monitoring indicators in the software, programming it so that it triggers warnings of the need for action to managers or coordinators," Barbassa explains. Users of the software can also create risk maps and dashboards to help communicate with the board of directors and senior management.
In fact risk management must be seen by the company as an integral part of the company's strategy and must be worked on interdisciplinarily. In this way, solid and reliable indicators can be reliably created for decision-making, allowing for the responsible use of resources, the minimization of losses and the achievement of concrete results. In addition risk management should not be seen as essential only for some complex segments such as hospitals and industries, but for any and all segments, and is essential for the success of any business.
