Your overall risk management system prepares organisations for potential
risks to their business. It encourages an organisation to review organisational
processes and procedures in such risk areas as:
f Commercial relationships – risks can be caused due to the financial
strength of your commercial partners and potential legal issues between
your organisation and the other.
f Economic circumstances and scenarios – while you can study economic
indicators and read opinion from economists a risk is always posed by
uncertain economic circumstances. While some experts predicted the global
financial crisis it caught many businesses unawares.