Deal / Project & Risk Management
Enterprise Risks
Enterprise risk management refers to the full spectrum of business strategies for corporations to minimize financial losses from any internal and external threats to the corporation, such as unstable economic environment and fluctuations in the financial market, which everyone can feel under the unexpected worldwide epidemic.
Risk has traditionally been seen as something uncertain and people would normally avoid risk, but we should remember the very fundamental nature of starting a business is to take risks and pursue the opportunities for business growth.
Our professional consulting team is experienced in enterprise risk management ranging from conglomerate companies, and listed companies to small and medium enterprises (“SMEs”). Our team is experienced in managing strategic corporate risks including legal and regulatory changes, competitive pressures, changes in market conditions, merger integrations, technological changes, senior management turnover and stakeholder pressure. Enterprise risk management closely aligns with the economic environment and governance functions of the company, we have to take all these factors into account when building business strategies.
We believe an effective risk management strategy is the key to determining business performance. We strive to provide professional risk management services to corporations by devising customized corporate business strategies together with ongoing monitoring support.
We manage risks:
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Identifying the risk:
Through risk identification, enterprise internal and external risks that may potentially lead to financial losses to the entity can be identified. Examples of internal enterprise risks are merger integrations, senior management turnover, stakeholder pressure and overall operational failure. While external enterprise risks associated with the entity can be concluded as any legal and regulatory changes, competitive pressures, changes in consumer demand and technological changes
Analyze the risk:
Our team will analyze all the potential impacts of each risk identified, including any potential benefits and losses to the entity.
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Evaluate the risk:
Prioritizing the risks by the severity of the potential impacts associated with the entity, and performing stress tests of each scenario of the potential impacts and evaluating the severity of the risks identified.
Control the risk:
Devising risk management strategies to mitigate risks by avoiding the risks, reducing the risks, transferring the risks and accepting the risks. For the severe negative risks identified, our team will prepare a business continuity plan for handling the negative risks.
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On-going monitoring of the risk:
It is important to monitor and track any possible threats, potential changes and negative risks which bring financial losses to the company. For example, be alert to any legal and regulatory changes, regularly research and monitor competitors, keep track of any consumer behavior changes by analyzing the business performance etc.
