Running a business has become an even more complex task and it is normal to have many stakeholders. For this and other reasons, it has become very difficult to have a full overview of one’s entire value chain and strategic landscape. In other words, it has become riskier to run a business.
Nowadays, the front pages of newspapers are adorned with companies that find themselves in trouble because they, or one of their business partners have made a mistake. These scandals can cost a lot of money on lost revenue, fines, lost branding value and costly changes in the organisation.
Working in a structured way with CSR has become a valuable tool to minimise one’s risks of doing something unethical, or outright illegal.
Want to learn more about how you can use risk management to make more money for your business? Click here
