Continued education and training is key for businesses to remain competitive in this ever-changing world. Signing up for one of our enterprise risk management courses is recommended for entrepreneurs who wish to lessen the risks involved in running their firms.
In the ever-changing Middle East business environment, encountering risk is inevitable. The ability to manage these increasingly significant risks now represents the difference between a thriving organisation and one that is struggling to deal with the challenges facing it.
Many businesses in the region have realised that misunderstanding risk can lead to disaster. The organisations that have dealt with the recession most effectively have realised that this requires extensive knowledge of risk management tools and techniques. This is exactly what you will find in our Enterprise Risk Management Certification course.
As the current worldwide situation demonstrates, poorly informed or improperly executed risk management can mean disaster. Conversely, a well organised and focused risk process and strong risk management team will enable your company to maintain and strengthen your edge over your competitors. Moreover, studies have shown that financial risk is only the 'tip of the iceberg', as nearly 80% of key risks are not insurable. This critical 80% of risks must be 'insured' internally with a capable risk management team.
Risk management has been catapulted from being a useful tool to becoming the very pulse of the organisation and the yardstick by which its management is judged. The key is to recognise that risk is not something that should be avoided – a risk is often an opportunity in disguise.
Phil Griffiths is Founder and Managing Director
of Business Risk Management Ltd. A Chartered
Accountant, he has over 25 years' experience
in Risk Management, internal audit and fraud
prevention as a practitioner, professional adviser,
facilitator and trainer. He has held top
management positions with a number of
international groups, in roles embracing finance,
IT and general management.
Phil is recognised as an accomplished and charismatic facilitator, trainer and lecturer having advised many renowned organisations, coordinated top-level events and addressed national and international conferences on a wide range of critical business topics.
He has worked extensively with all sectors in the Gulf during the past 10 years to enable such organisations to exploit their potential by managing their strategic risks and/or enhancing the effectiveness of their internal audit services. He is a renowned author and writer – his book, Risk Based Auditing, was published in 2006.