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Archive for category: Culture

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Who is Responsible for Establishing a Risk Management Culture in your Organization?

In a perfect world, everyone in your technology organization would understand risk management and its approach to risk and take personal responsibility for creating an environment of risk intelligence.

But chances are your organization is dynamic and that perfect world is hard to achieve. But there are a handful of people who can elevate the responsibilities for creating a strong risk management culture in your organization. They include champions from finance, legal, human resources, operations, production, marketing, sales, IT, strategy and planning.

Most of the time, these business units are responsibilities for making smart risk based decisions and preventing major missteps.

For more information about establishing a risk management culture in your organization, please contact a TechAssure member.

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Why Should Early Stage Companies Develop a Risk Management Culture?

Emerging technology firms clearly understand the difference between success and failure. In most cases, pursuing success comes with a wide range of risks. In order to fully exploit business opportunities, a risk intelligent culture is needed.

Developing a risk intelligent culture requires that leaders actively shape their organizational that is closely aligned with their business strategies and each employee understand how to make risk-based decisions.

For more information about the development of a risk management culture, please contact a TechAssure member.

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What Should Leaders do to develop a Risk Management Culture?

We often witness emerging technology firms that are challenged in the process of developing a risk management culture in their organization.

No matter how well documented the risk management policies and procedures are, smart technology firms know that the development of a risk management culture in the organization is key to taking risks and making them opportunities.

Business leaders who are looking to shore up their organization’s risk culture know that risk management needs to be a part of every department. That includes finance, legal, business development, marketing, human resources, IT, strategy and development.

For more information about developing a risk management culture in your organization, please contact a TechAssure member.