Tag Archives: risk management

The Risk You Don’t Know Can Hurt Your Biz

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  Tom Bullen speaks on behalf of Premier Risk Management now part of the risk advisory arm of AETHOS Consulting Group in the Jennings Wire podcast. Tom Bullen is with Premier Risk Management, the risk management advisory arm of AETHOS Consulting Group, a hospitality focused executive search and human capital services firm. AETHOS speaks with hospitality […]

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Cyber Security – The Stark Reality

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It’s in the news every day. Just recently there was a report of a breach at the IRS.. You’d think that of all of the government entities holding personal information the IRS would be one to have an all but impenetrable and completely locked down system. In addition there is more and more media focusing […]

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Risk Tip: 2 important tenets of risk management

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Don’t risk more than you can afford to lose…& don’t risk a lot for a little. Comment: These two are both basics – the first refers to the idea that if you don’t have enough money to pay for the exposure to loss (risk) out of your pocket/balance sheet, then insure for the risk, transfer […]

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Risk Tip: How to tailor a risk management program

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An organization’s risk management (insurance) program must be tailored to its overall objectives and should change when those objectives change. Comment: An insurance broker/advisor cannot recommend insurance products and services without knowing what the client actually does, how they do it and what is important to them with regard to their insurance program. Once it […]

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Decisions, Decisions, Decisions…are you capable of making them?

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In a recent Harvard Business Review post by Nick Tasler 3 Myths That Kill Strategic Planning, he shares that the most “precious ability” a great leader has is his or her ability to make decisions based on strategic thinking. He uses a Napoleon quote to make his point: “Nothing is more difficult, and therefore more […]

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Approaches to Risk Management: Part 3 Enterprise Risk Management (ERM)

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In parts 1 (The Basic Concepts) & 2 (Digging Deeper) we gave you the “traditional silo” approach to risk management. Another school of thought we would like to share is ERM – Enterprise Risk Management. ERM is a framework to identify risk that typically involves identifying particular events or circumstances relevant to the organizations objectives […]

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Approaches to Risk Management: Part 2 Digging Deeper

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In part one of this series, Approaches to Risk Management: The Basic Concepts, we recommended you analyze your business risk management program from 7 major aspects. Beyond these basic concepts, some academic authorities suggest the following as necessary considerations in the development of a formal Risk Management Process as well. Assets & Exposures – it […]

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Approaches to Risk Management: Part 1 The Basic Concepts

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To get a flavor of where to start in the analysis of how to save time and money on an insurance program, a basic understanding of a few concepts is necessary. The first is the idea of “Risk Management”. Risk Management is the practice of protecting an organization from financial harm by identifying, analyzing, and […]

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The Bold Truth About Risk Assessment

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Risk Management by definition is the practice of protecting an organization from financial harm by identifying, analyzing, and controlling risk at the lowest possible cost. This is a very blunt definition that should be top of mind when discussing the purchase of an insurance product or discussing other risk management techniques. The challenge is to […]

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