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Risking it all?

Never before has the term “extreme” been so trendy.You can find ‘extreme’:- videos, surfing, clothing, skating, shopping, shoes, pop bands, music, sports and now you can even get extreme accounting (just how dangerous can accountants get?)Extreme is becoming a by-word for doing things a little bit different, but it actually means: - to go as far from the centre of some thing as you possibly can.Extremists are thought to be; reckless, out of their heads or even insane to do what they do. Take for example; extreme mountain climbers – who regularly goclimb without safety ropes, or canoeists who decide to take on the biggest waterfalls and rapids or downhill motorbikers who throw themselves and their equipment down the sides of steep hills as fast as they can.Do people do it because they want to die? or do they do it knowing the risks that they are taking?No sane person would ski off a steep hillside unless they knew how to manage the risks they are facing and the precautions they would have to take to prevent injury or death.Like many things sporting, they transfer equally well to the arena and a whole culture has grown up around “risk assessments” and “risk management”With most things driven by management consultants, “risk” has become more complicated than it needs to be.The basic truth is that risk assessment is just about identifying the things which, if happen, can cause disruption.In business terms - unless your staff needs to abseil down the side of your offices, the problems will mainly be split into 3 areas: - • the work which is undertaken, • the staff who do the work and• The clients for whom the work is done.The risks may not be as obvious as a mountain biker, but identifying potential problems, evaluating how these things should be dealt with, then implementing strategies to deal with those risks is the key to keeping the business safe from harm.The danger that needs to be recognised - is anything that prevents the business from achieving it's objectives. These can be anything from: human resource problems, money laundering and fraud to accidents, natural causes and disasters as well as terrorist attacks on the business.Businesses need to find a way to manage and solve the problems inherent in these risks. Unfortunately, not all risk is as obvious as a high mountain or dangerous looking dog. Criminals and fraudsters are devious and smart and your business must be constantly on its mettle. You need to develop policies, procedures and training to cope with ever changing risk.How will you do that? Will you get external providers to deliver training? How much will that cost? Or will you rely on your existing staff members to write, deliver and manage training? And what will that cost in lost productivity and focus on the day job.Whatever you chose make sure you keep your eyes on the risks facing your business

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This short report was brought to you by Sharp End Training. The UK's leading workplace assessment company. We can help you get more value from your training budget and spending by helping you accurately target where you spend money. Using our range of online courses, you can get the headstart on your competitors. You can see more about us at online training or for further details of our money laundering course money laundering training.

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