Financial losses, damaged reputations and corporate failure through unforeseen market forces are a constant threat to businesses. But not even the most enlightened could have predicted how difficult recent trading conditions would become.
Managing business risks is not a new wisdom - but in the current climate many of the models used to assess risk have simply been found to be too static to take account of the real dynamics of the market.
With the old concept of what constitutes business risk broken, boards and risk managers need to take a fresh look at their business and ask themselves difficult questions about their attitude and exposure to risk.
In this website we consider some of the key business challenges facing businesses and some of the steps that can be taken to mitigate and in certain cases, take advantage of, today's business risks.